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 […]
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 […]
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 […]
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 […]
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 […]