What Is an Indemnification Clause? | GTsetu Home › Global Trade Resources › Indemnification Clause ⚖️ Contract Drafting, Risk Allocation & Liability What Is an Indemnification Clause? 📌 Definition An indemnification clause (or indemnity clause) is a contractual provision where one party (the indemnifier) agrees to compensate another party (the indemnitee) for specific losses, damages, … Read more
What Is a Letter of Credit (LC)? | GTsetu Home › Global Trade Resources › Letter of Credit (LC) 💰 Trade Finance, Payment Risk & UCP 600 What Is a Letter of Credit (LC)? 📌 Definition A Letter of Credit (LC) is a contractual commitment by a buyer’s bank (issuing bank) to pay a seller … Read more
What Is a Bill of Lading (B/L or BOL)? | GTsetu Home › Global Trade Resources › Bill of Lading (B/L) 📄 Shipping Documentation | Sea Freight What Is a Bill of Lading (B/L or BOL)? 📌 Definition, Key Shipping Document A Bill of Lading (B/L or BOL) is a legal document issued by a … Read more
DAP (Delivered At Place) Incoterms 2020 | Complete Guide | GTsetu Home › Global Trade Resources › DAP (Delivered At Place) 🚛 Incoterms 2020, Logistics & Delivery Terms What Is DAP (Delivered At Place)? A Complete Guide 📌 Incoterms® 2020 Definition DAP (Delivered At Place) is an Incoterm where the seller is responsible for delivering … Read more
What Is DDP (Delivered Duty Paid)? Incoterms 2020 & Seller Obligations | GTsetu Home › Global Trade Resources › Delivered Duty Paid (DDP) 📦 Incoterms 2020 | International Trade What Is Delivered Duty Paid (DDP)? 📌 Definition Delivered Duty Paid (DDP) is an Incoterms 2020 rule that places maximum obligation on the seller. The seller … Read more
What Is an Air Waybill (AWB)? | GTsetu Home › Global Trade Resources › Air Waybill (AWB) ✈️ Air Freight, Shipping Documents & Logistics What Is an Air Waybill (AWB)? 📌 Definition An Air Waybill (AWB) is a non-negotiable, legally binding document issued by an air carrier or freight forwarder that serves as a receipt … Read more
What Is CIF (Cost, Insurance & Freight)? | GTsetu Home › Global Trade Resources › CIF (Cost, Insurance & Freight) 🚢 Incoterms® 2020, Logistics & Trade Compliance What Is CIF (Cost, Insurance & Freight)? 📌 Definition CIF (Cost, Insurance and Freight) is an Incoterm® rule, applicable only to sea or inland waterway transport, under which … Read more
What Is FOB (Free On Board)? | Incoterms 2020 | GTsetu Home › Global Trade Resources › FOB (Free on Board) ⚓ Incoterms 2020 | Sea Freight What Is Free on Board (FOB)? 📌 Definition, Incoterms 2020 Free on Board (FOB) is an Incoterm rule for sea and inland waterway transport. The seller delivers the … Read more
EXW (Ex Works) Incoterms 2020 | Complete Guide | GTsetu Home › Global Trade Resources › EXW (Ex Works) 🚛 Incoterms 2020, Logistics & Commercial Terms What Is EXW (Ex Works)? A Complete Guide 📌 Incoterms® 2020 Definition EXW (Ex Works) is an international trade term (Incoterm) where the seller’s sole responsibility is to make … Read more
What Is an Escrow Agreement? Definition, Uses & Key Clauses | GTsetu Home › Global Trade Resources › Escrow Agreement 🔐 Legal & Commercial Terms What Is an Escrow Agreement? 📌 Definition An Escrow Agreement is a binding legal contract where a neutral third party (the escrow agent) holds funds, assets, or documents until specified … Read more