Flexible Commercial Solutions
GLOBAL TRADE TERMS
Flexible Commercial Solutions for International Trade
INCOTERMS
FOB
Free on Board
Seller delivers goods on board the vessel nominated by the buyer at the named port of shipment.
CFR
Cost and Freight
Seller arranges and pays for the transportation to the named port of destination.
CIF
Cost, Insurance and Freight
Seller pays freight and cargo insurance to the named port of destination.
Incoterms are negotiable depending on commodity, quantity, destination, and transaction structure.
PAYMENT TERMS
T/T
Telegraphic Transfer
Direct electronic bank transfer structured according to agreed milestone contracts.
L/C
Letter of Credit
Secure commercial letter of credit issued by an international prime bank.
Payment terms are negotiable subject to commercial agreement and transaction requirements.
