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  2. Incoterms - Wikipedia

    en.wikipedia.org/wiki/Incoterms

    A series of three-letter trade terms related to common contractual sales practices, the Incoterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the global or international transportation and delivery of goods. Incoterms inform sales contracts defining respective obligations, costs, and risks ...

  3. FOB (shipping) - Wikipedia

    en.wikipedia.org/wiki/FOB_(shipping)

    As with all Incoterms, FOB does not define the point at which ownership of the goods is transferred. The term FOB is also used in modern domestic shipping within North America to describe the point at which a seller is no longer responsible for shipping costs. Ownership of a cargo is independent of Incoterms, which relate to delivery and risk.

  4. International commercial law - Wikipedia

    en.wikipedia.org/wiki/International_commercial_law

    Incoterms inform sales contract by defining respective obligations, costs, and risks involved in the delivery of goods from seller to buyer. Incoterms 2010, the 8th revision, refers to the newest collection of essential international commercial and trade terms with 11 rules. Incoterm 2010 was effective on and from January 1, 2011.

  5. Law of carriage of goods by sea - Wikipedia

    en.wikipedia.org/wiki/Law_of_Carriage_of_Goods...

    The law of carriage of goods by sea is a body of law that governs the rights and duties of shippers, carriers and consignees of marine cargo. [ 1 ] Primarily concerned with cargo claims , this body of law combines the international commercial law , the law of the sea and admiralty laws .

  6. Your complete guide to tariffs: How much you’ll pay, and when

    www.aol.com/finance/everything-know-trump...

    Trump on Thursday said that goods from BRICS nations — a coalition of emerging economies backed by China and Russia — would face 100% tariffs if they attempted to move away from the US dollar ...

  7. Carriage of Goods by Sea Act - Wikipedia

    en.wikipedia.org/wiki/Carriage_of_Goods_by_Sea_Act

    The Carriage of Goods by Sea Act (COGSA) [1] is a United States statute governing the rights and responsibilities between shippers of cargo and ship-owners regarding ocean shipments to and from the United States.

  8. Are you a business owner worried about Trump’s tariffs? - AOL

    www.aol.com/business-owner-worried-trump-tariffs...

    Tensions among the United States and its three biggest trading partners are injecting uncertainty into the US economy, putting American business owners in an uncomfortable wait-and-see posture.

  9. United Nations Convention on Contracts for the International ...

    en.wikipedia.org/wiki/United_Nations_Convention...

    the Sale of Goods Act 1979, (SGA) which is designed for both business-to-consumer and business-to-business transactions; the Consumer Rights Act 2015 (CRA: 2015) which provides solely for business-to-consumer transactions; Although the rights are broadly similar in business-to-consumer and business-to-business transactions, the remedies differ ...

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