When you buy or sell goods across national boundaries, you and the other party must have a clear understanding of the terms for moving those goods to their destination. CIF and FOB are commonly used ...

World trade can be complicated if not understood properly. Trade is rules-based transactions. Incoterms (International Commercial Terms) are one such common language of international trade published ...

International Commercial Terms ("Incoterms®") are rules that specify terms of trade designed to help traders avoid confusion by clarifying the tasks, costs and risks involved in the sale of goods from ...

The INCOTERMS published by the International Chamber of Commerce (ICC) have long served the international community by offering a “shorthand” for communicating key shipping terms. INCOTERMS are so ...

Traditionally, most trade has happened with nearby locations and neighbouring countries. Such local trade is fairly simple. The buyer can visit the seller, and by speaking the same language and ...

A high-powered meeting of stakeholders in the maritime industry has been convened to generate ideas on how best to export Nigerian crude oil to attract maximum benefits for Nigeria. The meeting with ...