Andhra Pradesh is a coastal state located in the southeastern part of India. With abundant natural resources, a favorable investment climate, and a rich pool of human resources, Andhra Pradesh has the potential to emerge…
In today’s interconnected global economy, international trade has become an integral part of many businesses. However, with this increased economic activity comes increased risk. Country risk is the potential for loss or adverse effects on…
Incoterms 2020 Rules, the tenth revision to Incoterms, were introduced by the International Chamber of Commerce in 1923. These updated rules came into effect from 1st January 2020, reflecting changes in market practice, new technologies,…
The airway bill is an important document used in international trade that accompanies goods being shipped via air freight. It is a contract of carriage between the carrier and the shipper that provides details of…
The Agricultural and Processed Food Products Export Development Authority (APEDA) is a key organization in India that aims to develop and promote the export of agricultural and processed food products. Established under the Ministry of…
In international trade, various documents are used to facilitate the movement of goods from one country to another. Two of the essential documents used in this process are the shipping bill and the bill of…
Introduction International trade involves complex processes and various risks for buyers and sellers. To ensure clarity and consistency in trade transactions, the International Chamber of Commerce (ICC) developed a set of standardized trade terms called…
International trade requires secure and reliable payment methods that provide assurance to both the exporter and the importer. There are various payment terms available for Indian exporters to use in conducting international trade transactions, including…