What is D/C (Documentary Credit)?

What is Documentary Credit? Documentary Credit, often referred to as a letter of credit, i...

Understanding FOB Price: A Comprehensive Guide to Calculating and Utilizing FOB Pricing in International Trade

Introduction: FOB (Free On Board) is a widely used pricing term in international trade tha...

Foreign trade term DAF frontier delivery

DAF (Delivered At Frontier) is a term used in international trade, specifically in the con...

What is a Certificate of Origin?

In the world of international trade, a Certificate of Origin (COO) holds significant impor...

What is a bill of lading？

A bill of lading (B/L) is a legal document that serves as evidence of a contract for the c...

EXW (Ex Works) Incoterm: Understanding the Basics of International Trade

Introduction: In the realm of international trade, various trade terms and regulations gov...

What is FOB price?

FOB (Free on Board) price is a term commonly used in international trade to denote the cos...

What is CIF price?

CIF stands for Cost, Insurance, and Freight. It is a trade term used in international ship...

Trade terms: CFR cost plus freight interpretation

The international trade landscape is governed by various regulations and terms that ensure...

What is the mt103 international remittance process?

MT103, also known as a single customer payment, is a message format for sending payment in...