Blog

13 Jun

Shipping Incoterms

CIF (Cost, Insurance & Freight) Incoterms – Guidelines & Meaning

• June 13, 2023
• By admin
• 0 comments

CIF stands for Cost, Insurance and Freight, a commercial rule under incoterms 2020 wherein the expenses are borne by the seller -- from...

Continue reading

13 Jun

Shipping Incoterms

CPT Incoterms 2020 | Meaning and Shipping Terms

• June 13, 2023
• By admin
• 0 comments

The CPT incoterm is an arrangement which is used in international trade by buyers and sellers for commercial proceedings and import/exp...

Continue reading

13 Jun

Shipping Incoterms

CIP Incoterms [Carriage Insurance Paid] – Meaning & Process

• June 13, 2023
• By admin
• 0 comments

The CIP incoterm stands for ‘Carriage and Insurance Paid to’, wherein the seller is responsible for goods only till the first port, whi...

Continue reading

13 Jun

Shipping Incoterms

DAP (Delivered At Place) Incoterms in Shipping & Customs

• June 13, 2023
• By admin
• 0 comments

The revised 2020 publication of incoterms includes the DAP rule, wherein the seller is responsible for unloading of goods at the nomina...

Continue reading

13 Jun

Shipping Incoterms

CFR Incoterms (Cost and Freight) – Duties, Obligations & Meaning

• June 13, 2023
• By admin
• 0 comments

The CFR incoterm is a universal trade term used internationally, and is one of the recently reviewed publications by the ICC under Inco...

Continue reading

13 Jun

Shipping Incoterms

FAS Incoterms 2020 | Free Alongside Ship | Meaning and Shipping term

• June 13, 2023
• By admin
• 0 comments

Published by the ICC in the edition of incoterms 2020, FAS stands for ‘Free Alongside Ship’, wherein the place/port of destination play...

Continue reading

13 Jun

Shipping Incoterms

DAT (Delivered At Terminal) Incoterms – Duties, roles & Charges

• June 13, 2023
• By admin
• 0 comments

DAT is an incoterm published by the ICC, having its first edition in 1936 and the most recent one in January 2020. The recent edition h...

Continue reading

13 Jun

Shipping Incoterms

Know the Difference Between FOB and CIF Incoterms

• June 13, 2023
• By admin
• 0 comments

International trade processes can be complex, especially for first-time traders to understand. Even seemingly simple concepts with thei...

Continue reading

13 Jun

General Accounting

Bank Guarantee Vs Letter of Credit – Examples and Differences

• June 13, 2023
• By admin
• 0 comments

Letters of credit and (LCs) and bank guarantees, both these financial instruments offer guarantees in trade transactions. This makes it...

Continue reading

13 Jun

General Accounting

Foreign Exchange Management Act (FEMA) – Regulations, Guidelines & More

• June 13, 2023
• By admin
• 0 comments

1. What is FEMA ACT? The full form of FEMA stands for ‘ Foreign Exchange Management Act ’, an official body that consolidates and amen...

Continue reading