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LEC 7: INCOTERN - Coggle Diagram
LEC 7: INCOTERN
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Overview
def: set of eleven three letter trade terms, reflecting business to business practice in contracts for the sale and purchase of goods
Incotern describe: obligation, cost, risk
Not deal with:
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the time, place, method or currency of payment of the price;
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- most consequences of delay and other breaches in the performance
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the method, venue, or law of dispute resolution in case of such breach.
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