CIF Incoterms

What does CIF mean in international trade? CIF stands for Cost Insurance and Freight. It is included in Incoterms┬« 2020 and one of the most important terms to ever be…

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A Hidden Risk In DDP

Delivered Duty Paid or DDP, is the only Incoterm that requires the seller to act as the importer of record in the buyer's country. Buyer's typically opt to trade on…

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Commercial Invoice Template

What is a commercial invoice? A commercial invoice, sometimes referred to as a CI, is a document prepared by a seller. This document is provided to the buyer. It describes…

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Shipping EXW Incoterms 2020

EXW Incoterms 2020 : A Few Quick Points Ex Works (EXW) Incoterms can be used for all modes of transport and even when there are multiple modes of transport involved…

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Shipping DDP Incoterms 2020

DDP Incoterms 2020 : A Few Quick Points Delivered Duty Paid (DDP) Incoterms works on any type of transport (air, land, rail, sea, etc.) DDP can also be used for…

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Letters of Credit: How Do They Work?

The concept of a letter of credit is easy to understand if you already have some knowledge of escrow services. Basically, the bank acts as an independent 3rd party, holding…

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