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Posted byOlivia
FOB vs FCA在国际trade, buyers and sellers enter into agreement beforehand so as to avoid any confusion once the process of transportation of goods has started. The agreements or contracts are of several types that are given a generic name Incoterms, which are applicable on all international trade. These acronyms define terms of […]
Posted byOlivia
FOB vs CIF FOB and CIF are International Commercial terms, or Incoterms, as they are popularly known. There are lots of acronyms, all 3 lettered, and having a predefined meaning that is easily understood by both buyers and sellers in international trade. In fact, Incoterms is a registered trademark of the International Chamber of Commerce. […]
Posted byOlivia
DDP vs DDU DDP and DDU are among the many international commercial terms that are recognized by ICC and used commonly in international trade and transactions. International commercial terms are acronyms made up of three letters and reflect common trade practices. These incoterms are accepted by authorities and those involved with international trade. DDP stands for […]