Archive by category: CT NEWS

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INCOTERMS, COMMERCIAL TERMS IN INTERNATIONAL TRADE

INCOTERMS, COMMERCIAL TERMS IN INTERNATIONAL TRADE If you ship goods domestically, you may wonder why you need to understand Incoterms. Well, actually the vast majority of companies in the United States use the shipping terms identified under the U.S. Uniform Commercial Code (UCC) when shipping domestically, these shipping terms aren’t appropriate to use when exporting. First of all, let’s take …

THE STORY AROUND THE INCOTERMS

In order to regulate, limit and establish the obligations between international and national traders (buyers and sellers), INCOTERMS were created. Therefore, INCOTERMS is the abbreviation of INternational COMmercial TERMs, which constitute an international trade standard, they allow the harmonization of contract practices. They were developed and written for the first time in 1936 by the CCI (International Chamber of Commerce) …

A VIEW ON KEYS TO SUCEED IN COMMODITY TRADING : INCOTERMS

Before considering shipping merchandise internationally, an important question must be answered: At which point are the risks and charges transferred to the buyer? Today’s tendency in international business is based on the fact that the buyer is released from all logistics concerns. This valorises the position of the exporter. It is essential to negotiate the terms of the contract for …