Category: Business
Created by: Veronikag
Number of Blossarys: 1
English (EN) 
This is a guarantee that advance payments will be returned if the party having received such payments does not perform its part of the contract.This guarantee is applied by the bank.A guarantee of ...
These credit incorporate a clause wich authorises the advising bank to make an immediate payment to the beneficiary of an amount up to the total of the credit, or som lesser nominated amount. The ...
A duty assessed as a percentage rate of the value of the imported merchandise. This percentage is pre-establish in each country. The total paid increases with the value of whats being taxed.
"Free on Board" means that the seller fulLfils his obligation to deliver when the goods have passed over the ship's rail at the named port of shipment. This means that the buyer has to bear all costs ...
"Free Carrier" means that the seller fullfils his obligation to deliver when he has handed over the goods, cleared for export, into the charge of the carrier named by the buyer at the named place or ...
"Free Alongside Ship" means that the seller fullfils his obligation to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment. This ...
"Ex works" means that the seller fullfils his obligation to deliver when he has made the goods available at his premises (i.e. works, factory, warehouse, etc) to the buyer. In particular, he is not ...
