Delivery of the goods is “not unloaded” by the seller at the destination place. There is however a problem with Delivery at Paid (DAP) Container Freight Station (CFS).
Your Monday morning coffee briefing from TFG: World’s first: ICC and WTO launch standards toolkit for paperless trade
On 4-5 April, FCI and EUF will host the seventh annual EU Factoring Summit, which will take place both online and in Rome, Italy.
In this article, Trade Data Monitor’s Chief Economic Analyst John W. Miller talks about how the Russian war in Ukraine will change global trade.
China shares a strong interest with the West in the cessation of hostilities in Ukraine, and should be proactively engaged in helping to find a resolution. Most importantly, these tragic events should serve as a salutary lesson to Chinese and American leaders of the perils of allowing geopolitical tensions to metastasise, writes author and former HKEX exec James A. Fok.
Trade Finance Global (TFG) is delighted to announce that it will serve as a media partner for ICC United Kingdom’s Digital Trade Conference, taking place from 6-8 April.
Your Monday morning coffee briefing from TFG, bringing you the biggest trade finance stories from the last seven days
The current Incoterms 2020 rules, like those in previous versions before them, are entirely devoid of any clue to assist the very people they are all about – the seller and the buyer.
In CPT/CIP, the seller’s obligation is to deliver the goods to its own carrier on the agreed date or within the agreed period. See my earlier post on delivery for CPT/CIP.
This article looks at the Central Bank of Egypt’s decision to stop accepting documentary collections for imported goods, and substitute them with letters of credit. The decision is expected to have wide-reaching implications for Egypt’s business community and banking sector, writes Haitham Elsaid.
