The International Chamber of Commerce (ICC) has released new revisions to its Incoterms, which will allow shippers to change the way they obtain letter of credit.
Set to come into force on 1 January 2020, the new Incoterms – international commercial terms published to clarify the obligations of buyers and sellers in trade contracts – could change the nature of the relationship between shippers, carriers and trade finance providers.
According to US …
The post New Incoterms will affect letters of credit and delivery locations appeared first on The Loadstar.
Source: The Loadstar
Be the first to comment on "New Incoterms will affect letters of credit and delivery locations"