Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. David Kindness is a Certified Public Accountant (CPA) ...

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 ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. Andy Smith is ...

In 1936, the International Chamber of Commerce (ICC) developed a set of three-letter acronyms known as Incoterms for use in sale of goods contracts to allocate risk of loss and expenses between buyers ...

The term CIF stands for cost, insurance and freight. It is a common term for international shipments, and many nations use the CIF total as the basis for the duty charge or other taxes on the ...

As companies directly or indirectly involved in international trade and cross-border supply chains navigate the complexities of tariffs and their expected retaliatory impacts, one effective strategy ...

In his 1983 radio address to the nation, President Ronald Reagan said: “The winds and waters of commerce carry opportunities that help nations grow and bring citizens of the world closer together.” At ...

Clear international agreements between a buyer and a seller are becoming more and more necessary as part of successful international trade in our globalised environment. Understanding and using ...