Risks of using DAP Incoterm
DAP Incoterm is a term used to describe a buy-sell arrangement where goods are delivered to a specific location, also known as the "named place". DAP is an acronym for…
FCA Incoterms 2020: Frequently Asked Questions
What does FCA in shipping terms mean? FCA refers to one of the 11 Incoterms® 2020. This Incoterm can be used for any mode of transport. There are 2 main…
What is Ex Factory Price?
Ex-Factory pricing is a term you might come across while doing business with overseas partners and customers. Ex-Works is also a term you might come across in a similar setting.…
International Trade Compliance Certification
Certifications for Trade Compliance professionals Many Global Trade Compliance professionals complain that there are insufficient certifications and courses available that are relevant to the industry. Specifically, no widely recognized International…
Can Trade Compliance be outsourced?
What is trade compliance? In the supply chain and logistics industry, "trade compliance" usually refers to the governance processes that cover HS classification, export controls, Customs valuation, import and export…
Incoterms
The Incoterms ® are a set of trade/trade rules used by the International Chamber of Commerce (ICC) in international sales contracts. The Incoterms are not binding rules. In order for…
What are Incoterms?
Incoterms are rules for international trade that have been developed by the International Chamber of Commerce. These rules are used in international sales contracts. The term Incoterms, comes from "international…
Incoterm 2020 DAP: When is it used?
What is Incoterm® 2020 DAP? The Incoterm 2020 DAP (Delivery at Place), requires that the cargo be delivered by the seller at a place designated by the buyer. Normally this…
Shipping Marks
What is a shipping mark? Exporters must mark their cargo clearly before export. This helps to ensure that shipments reach their intended destination by allowing carriers and consignees to easily…
CIF Incoterms
What does CIF mean in international trade? CIF stands for Cost Insurance and Freight. It is included in Incoterms® 2020 and one of the most important terms to ever be…
Chart of Incoterms 2020
We have published extensive materials including Incoterms charts to help traders understand Incoterms® 2020. However, the topic can still be very daunting and seemingly complex to many, as the rules…
Which Incoterm is most friendly to buyers?
Incoterms 2020 The new Incoterms 2020 have been published on the 1st of January this year. However, the original Incoterms were published in 1936 and have been creating updates to…
