A Cautionary Tale of Incoterms and Payment

2020-05-12T17:39:58+00:00November 2nd, 2016|

How much thought do you give to the underlying contract delivery terms when requesting letters of credit from overseas buyers? The Incoterms® rules, published by the International Chamber of Commerce, define the responsibilities of seller and buyer in respect of cost, risk and other obligations whilst goods are in transit. Whilst these rules do not [...]