Tag Archives: UCP 600

How Is Cargo Insurance Value Determined?

Explains invoice value, insurable value, sum insured and claim payment, including the 110% rule, accepted...

What roles do UCP 600 and ISBP 821 play in letter of credit payments?

UCP 600 establishes the rules framework for documentary credits, while ISBP 821 explains how trade...

Key Clauses in an International Sales Contract

A practical map of key international sales contract clauses covering goods, price, delivery, documents, payment,...