Shipping DPU Incoterms 2020
DPU Incoterms 2020 : A Few Quick Points Delivered at Place Unloaded (CIP) Incoterms can be used for all modes of transport and even when there are multiple modes of…
Shipping CPT Incoterms 2020
CPT Incoterms 2020 : A Few Quick Points Carriage Paid To (CPT) Incoterms can be used in any mode of transport. Risk transfers from seller to buyer when the cargo…
Shipping DDP Incoterms 2020
DDP Incoterms 2020 : A Few Quick Points Delivered Duty Paid (DDP) Incoterms works on any type of transport (air, land, rail, sea, etc.) DDP can also be used for…
Payment Against Documents
What does payment against documents mean? Payment against documents (PAD, also known as cash against documents) is a method of export payment where the exporting entity passes an instruction to…
Letters of Credit: How Do They Work?
The concept of a letter of credit is easy to understand if you already have some knowledge of escrow services. Basically, the bank acts as an independent 3rd party, holding…
Shipping CIP Incoterms 2020
CIP Incoterms 2020 : A Few Quick Points Carriage and Insurance Paid To (CIP) Incoterms can be used for all modes of transport and even when there are multiple modes…
