China Business – EVERY TRADE TERM (FOB, CIF, L/C etc.)

Reproduced from an old Posting by Moderator “Aussie”

All Trade Terms and other helpful Information:

Every International Trade Term & Acronym (choice of 6 languages)

See this great little chart – Seller and Buyer risks/costs under each of the 13 Incoterms

What is a Letter of Credit (LC)?

Different sorts of Letters of Credit

Understanding Incoterms

Teach yourself trade and commercial terms

Flow diagram of Incoterms (from seller to buyer)

Deciding the best Incoterm

International Terms of Payment

The 13 Incoterms:

Incoterms are a set of trade terms compiled and adopted by the International Chamber of Commerce (ICC) in Paris for the contract of sale regarding the delivery of goods. The responsibilities of the buyers and sellers are clearly defined in Incoterms 2000. ICC Publication No. 560, Official Rules for the Interpretation of Trade Terms published in September 1999 became effective, January 1, 2000. The thirteen Incoterms are:

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