Are FOB, CFR and CIF Right for Financing?

2018-05-24T15:24:44+00:00April 8th, 2016|

The Incoterms ® 2010 rules published by the International Chamber of Commerce makes a clear distinction between rules appropriate for any modes of transport and those deemed more suitable for sea and inland waterway transport only. These are classified as follows: Rules for Any Mode or Modes of Transport: EXW, FCA, CPT, CIP, DAT, DAP, [...]

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What is a Confirmed Letter of Credit?

2018-05-24T15:26:16+00:00March 5th, 2016|

A confirmed credit is one to which a second bank, usually in the exporter’s country, adds its own undertaking to that of the issuing bank, that payment will be made.  This is appropriate if an exporter does not find the security of an unconfirmed credit sufficient (due to issuing bank risk or political / economic [...]

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