Tag Archives: Incoterms

Understanding Marine Insurance & its Co-relation with Incoterms

Understanding Marine Insurance Marine Insurance is a risk protection mechanism in export–import trade that covers loss or damage to goods during transit by sea, air, or land. It safeguards exporters, importers, and banks against financial loss arising from accidents, theft, fire, or natural calamities.The coverage operates in line with the transit and risk transfer defined under… Read More »

Top 11 Incoterms For Beginner in Export Import Business

Being a beginner into the Export and Import business and doing business without help can be confusing, but luckily, there is a system, which can help to simplify matters and that system is known as Incoterms. Incoterm (International Commercial Terms) is a trading agreement rule adopted by parties of different countries, for make agreements as… Read More »