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November 14, 2021 1:25 pm by admin

Carriage paid to – CPT

Incoterms 2020 CPT

  The CPT 2020 Incoterms stands for “carriage paid to”. It could be used with any mode of transport including multimodal transport. With the CPT the transfer of risk takes place when the goods have been handed over to the […]

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November 14, 2021 12:52 pm by admin

Free carrier – FCA


Under the  Free Carrier (FCA) 2020 Incoterms, the transfer of risk happens in two ways depending on the agreed named place of delivery. (A2)   Case number one : The named  place is in the seller’s premises   In this […]

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November 7, 2021 9:01 pm by admin

Ex Works – Incoterms® 2020

  Under the Ex Works 2020 Incoterms (Exw), the transport is fully organized by the buyer. The transfer of risks takes place when the goods have been placed at the buyers’ disposal ready to be loaded by the buyer himself […]

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September 23, 2019 9:18 pm by admin

Promissory Note


In international trade, Exporters and Importers often use  promissory notes in combination with letter of credits especially when deferred payment terms have been granted. The promissory Note is a document within which the issuer (maker) gives an unconditional promise to […]

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September 23, 2019 8:55 pm by admin

Bill of Exchange

International Bill Of Exchange

The bill of exchange is a document within which  one party ( the drawer) gives the order to another (the drawee) to pay unconditionally a sum of money at  a given place and date, for goods or services received. By […]

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