Global Trade Relies on Clarity of Incoterms

Global Trade Relies on Clarity of Incoterms

This article delves into the core functions and significance of international commercial terms (Incoterms®), including the allocation of costs and responsibilities, the clarification of risk transfer, and guidance for participants in transportation. Commonly used Incoterms® such as FCA, FOB, FAS, and EXW, along with the slight differences between the 2010 and 2020 versions, help buyers and sellers clearly understand their respective obligations and risks in transactions.

Exporters Guide to Managing FOB Trade Costs and Risks

Exporters Guide to Managing FOB Trade Costs and Risks

This article provides an in-depth analysis of key aspects of FOB trade, including cost allocation, risks associated with nominated freight forwarders, and prevention of delivery without original bills of lading. The aim is to help exporters gain a comprehensive understanding of FOB terms, effectively control costs and risks, and ultimately improve trade profits. It explores practical strategies for mitigating potential issues and ensuring smooth transactions under FOB Incoterms.

Banco De Occidentes SWIFT Code Eases Global Transfers

Banco De Occidentes SWIFT Code Eases Global Transfers

This article provides an in-depth analysis of Banco de Occidente's SWIFT/BIC code, OCCICOBCCTG. It details its structure, usage, and important considerations to help readers accurately conduct international money transfers. The aim is to prevent delays, failures, or financial losses resulting from incorrect codes. The article also offers various methods for finding the correct SWIFT code, ensuring smooth and reliable cross-border transactions involving Banco de Occidente.