Category: Getting Paid When Trading Internationally
-
Letters of credit
Trading internationally can involve risks. Exporters run the risk of buyers failing to pay for goods, while importers may risk paying but never receiving anything. Because of the distances involved, it may be difficult to resolve any disputes. One way of reducing the risks is to use a letter of credit. This can offer a…
-
International Commercial Contracts – Incoterms
This guide explains the basics principles of International Commercial Terms (Incoterms), and how traders can use them in buyer or seller contracts to make clear who is responsible for the goods at each point of the transport process. The guide also explains the benefits of using Incoterms and what each Incoterm means for the buyer…