Both-to-Blame Collision Clause

If two sea vessels collide then, in some instances, the Both-to-Blame Collision Clause comes into effect.  This clause is detailed on the Bills of Lading of the Carriers concerned, usually Read more…

Letters of Credit and ICC Incoterms 2010

  The terms and documentation requested under a Letter of Credit must match the details of the Export Sales Contract.  Factors such as, who is responsible for the freight, goods Read more…

Problems shipping to individuals in Russia

  Shipment of dutiable goods to private individuals in Russia are presently heavily restricted by Russian Customs.  Parcels can be sent to registered business addresses, but must be for commercial Read more…

ISM now required for goods shipped to Kenya

The Kenyan Bureau of Standards (KEBS) has advised that all imported finished products are now required to be labelled with the ISM (Import Standardisation Mark) sticker, effective 1st September 2015. Read more…

Letters of Credit and the Export Sales Contract

A Sales Agreement/Contract between a buyer and seller consists of a number of terms, the most essential being the seller’s agreement to provide goods to the buyer and the buyer’s Read more…

Basic Definitions used in Letters of Credit

This article provides definitions of phrases relating to the parties involved in a Credit as well as clarifying the different wording used to describe Credits. Credit   –  This is Read more…

Necessary Reference Material for Letters of Credit

Anyone wishing to present correct documents to support a Letter of Credit/Documentary Credit presentation must have access to UCP600, ISBP and Incoterms 2010. 1.  ICC Uniform Customs and Practice for Read more…

How Letters of Credit (Documentary Credits) work

  Letters of Credit, also known as Commercial and Documentary Credits, are used to guarantee payment to the seller and delivery of goods to the buyer.  Payment is exchanged for Read more…

Getting paid using a Letter of Credit – Introduction

By using Letters of Credit an exporter is guaranteed payments from international buyers.  However, four factors need be in place beforehand for this to work. ♦ 1.  The Credit needs to Read more…

A historical perspective of Futures Trading

Commodity trading is the actual trade of a commodity.  However, many people get this confused with Futures Trading.  This articles explains what Futures Trading actually is and how it developed. Read more…

Export Documents – Packing Lists

New time exporters (and people who have exported before) often get confused about packing lists. The function of a packing list is to provide an accurate listing of the goods Read more...