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Entering Target Markets: Difference between revisions
more on w:Incoterms
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* '''The [[w:Incoterms|Incoterms]]''' ([[w:Incoterms#2010|2010]]) rules or '''International Commercial Terms''' are a series of pre-defined commercial terms published by the [[w:International Chamber of Commerce|International Chamber of Commerce]] (ICC) that are widely used in International [[w:commercial transaction|commercial transaction]]s or [[w:procurement|procurement]] processes. ( Wikipedia ) | * '''The [[w:Incoterms|Incoterms]]''' ([[w:Incoterms#2010|2010]]) rules or '''International Commercial Terms''' are a series of pre-defined commercial terms published by the [[w:International Chamber of Commerce|International Chamber of Commerce]] (ICC) that are widely used in International [[w:commercial transaction|commercial transaction]]s or [[w:procurement|procurement]] processes. ( Wikipedia ) | ||
::: [[w:Incoterms#Allocations of costs to buyer/seller according to Incoterms 2010|Table of incoterms showing who picks up the cost in each incoterm]] ( Wikipedia ) | ::: [[w:Incoterms#Allocations of costs to buyer/seller according to Incoterms 2010|Table of incoterms showing who picks up the cost in each incoterm]] ( Wikipedia ) | ||
::: Incoterms specify: | |||
:::* Transfer of risk | |||
:::* Transfer of obligations | |||
:::* Divisions of costs ( Teacher ) | |||
* A '''[[w:documentary collection|documentary collection]]''' is a process, in which the [[w:seller|seller]] instructs his [[w:bank|bank]] to forward [[w:document|document]]s related to the [[w:export|export]] of goods to the [[w:buyer|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia ) | * A '''[[w:documentary collection|documentary collection]]''' is a process, in which the [[w:seller|seller]] instructs his [[w:bank|bank]] to forward [[w:document|document]]s related to the [[w:export|export]] of goods to the [[w:buyer|buyer]]'s bank with a request to present these documents to the buyer for [[w:payment|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia ) | ||