A Cautionary Tale of Incoterms and Payment

2017-03-19T09:07:57+00:00 November 2nd, 2016|

How much thought do you give to the underlying contract delivery terms when requesting letters of credit from overseas buyers? The Incoterms® 2010 rules, published by the International Chamber of Commerce (ICC pub. 715), define the responsibilities of seller and buyer in respect of cost, risk and other obligations whilst goods are in transit. Whilst [...]