The Buyer is the last known entity to whom the goods are sold or agreed to be sold. If the goods are to be imported other than in pursuance of a purchase, the details of the owner of the goods shall be provided. More information can be found in Buyer Name and Address for Imports […]
The Seller is the last known entity by whom the goods are sold or agreed to be sold to the buyer. If the goods are to be imported other than in pursuit of a purchase, the details of the owner of the goods within the third country shall be provided. More information can be found
The price paid by the buyer when goods are sold by the seller in a normal commercial transaction. If goods have been sold to more than one buyer (wholesaler to distributor, for example) it is the last sale price in the commercial chain before goods cross the border.
A commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities, and agreed prices for products or services the seller had provided the buyer.
Bonds and guarantees give international customers extra confidence that sellers will meet their part of a deal. It has become increasingly common, particularly in international trade, for a buyer to request that a bank guarantee or bond be provided on behalf of their seller. This provides a means of securing performance or other obligations under
Credit insurance provides cover against default by debtors (customers)and may also protect against ’country risks’ (factors within the buyer’s country that prevent the buyer’s ability to pay, such as social unrest). Cover can protect all of the debtor book or specific debtors. Some credit insurance companies also provide credit reference services. International credit insurance is
Export Credit Insurance Read More »
An export is when a good produced in one country is shipped to someone in another country for sale, under a contract of sale or a carriage’s agreement. The seller of such goods and services is an exporter; the foreign buyer is an importer. For further information, please refer to the Movement of goods from
One of the 11 current Incoterms® 2020 (see below), used in conjunction with the name of the place where delivery will take place. Under CPT terms, a seller is responsible for all transport costs up to the named place of delivery, but the risk passes to the buyer once the goods are loaded on the
Carriage Paid To (CPT) Read More »
