Tag Archives: International Chamber of Commerce
Incoterm minimizes the risk of dispute arising in the sales contract. We have discussed DAT and DAP in Part I now let us discuss the balance incoterms which are a part of both Incoterms 2000 and Incoterms 2010.
Incoterms are a set of three-letter standard trade terms commonly used in international contracts for the sale of merchandise.
An understanding of the most common discrepancies that banks find in examining documentary credit (DC) presentations can instruct the exporters and help them avoid the common rejections.