Global Trade

Article

Incoterms Explained: Delivery Duty Paid (DDP)

When goods are bought or sold “Delivery Duty Paid” (DDP) it means that the Seller delivers the goods to a place previously agreed to by the seller and the buyer. This can be any location. The agreed place of delivery (e.g. the terminal) needs to be specifically named.

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Customs
Export
Global Trade
Import
Incoterms
Article

What is Customs Transit?

The Union Customs Code (UCC) wants to promote international competitiveness and improve export opportunities. To facilitate this they have developed four special procedures:

Blurred transit lines
Global Trade
T1
T2
Transit
Article

Incoterms 2020 now in effect – What are the main changes?

In 2019 a new version of the Incoterms was released. Companies are now advised to use Incoterms 2020.

plane
Customs
Export
Global Trade
Import
Incoterms
Article

Incoterms Explained: Delivery at Place (DAP)

When goods are bought or sold “Delivery at Place” (DAP) it means that the Seller delivers the goods to a place previously agreed to by the seller and the buyer. This can be any location.

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Customs
Export
Global Trade
Import
Incoterms
Article

Incoterms Explained: Carriage and Insurance Paid (CIP)

When goods are bought or sold “Carriage and Insurance Paid” (CIP) it means that the Seller delivers the goods to a destination previously agreed to by the seller and the buyer.

Transport mediums: plane, cargo, truck.
Customs
Export
Global Trade
Import
Incoterms
Article

Incoterms: New Version Released - Incoterms 2020

The International Chamber of Commerce has launched the latest version of the International Commercial Terms (Incoterms): Incoterms 2020.

Long port photo
Customs
Export
Global Trade
Import
Incoterms
Article

Incoterms explained: Carriage Paid To (CPT)

When goods are bought or sold "carriage paid" (CPT), this means that the seller delivers the goods to a destination agreed in advance between the seller and the buyer. It can also mean delivery to the buyer's preferred carrier.

Ship
Customs
Export
Global Trade
Import
Incoterms
Article

Exporting: The key elements of a commercial invoice

Global Trade
Invoice