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FOREIGN TRADE TERMS - Coggle Diagram
FOREIGN TRADE TERMS
SALES CONTRACT
agreement between
seller
buyer
relating to
purchase
goods
sale
contains terms
GOODS
quantity
price
quality
METOD OF PAYMENT
bank transfer
open account
30,60,90 days after invoice
payment in advance
cash with order
cash on delivery
DELIVERY
INCOTERMS
define
costs
obligations
risks
are 11
4 categories
E;F;C;D
1936- by International Chamber of Commerce in Paris
updated every 10 years
latest version (2020)
RISK ASSESMENT
buyer rated negatively
buyer rated positively