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Economy

Pertaining to the system or range of economic activity in a country, region, or community.

6Categories 106534Terms

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Contributors in Economy

Economy > International trade

(CFR) Cost and Freight

Transportation; Shipping

"Cost and Freight" means that the seller must pay the costs and freight necessary to bring the goods to the named port of destination but the risk of loss of or damage to the ...

(CPT) Carriage paid to

Transportation; Shipping

"Carriage paid to..." means that the seller pays the freight for the carriage of the goods to the named destination. The risk of loss of or damage to the goods, as well as any ...

(DDU) Delivery duty unpaid

Transportation; Shipping

"Delivered duty unpaid" means that the seller fullfils his obligation to deliver when the goods have been made available at the named place in the country of importation. The ...

(DDP) Delivered duty paid

Transportation; Shipping

"Delivered duty paid" means that the seller fullfils his obligation to deliver when the goods have been made available at the named place in the country of importation. The seller ...

(DES) delivered ex ship

Transportation; Shipping

Delivered ex ship means that the goods are delivered ex ship, the passing of risk does not occur until the ship has arrived at the named port of destination and the goods made ...

(CIP) Carriage and insurance paid to

Economy; International trade

"Carriage and insurance paid to" means that the seller has the same obligations as under CPT but with the addition that the seller has to procure cargo insurance against the ...

unfair competition

Economy; International trade

Unfair competition means that the competitors compete on unequal terms, because favorable or disadvantageous conditions are applied to some competitors but not to others; or that ...