Executive Summary International trade is the backbone of the global economy, with millions of goods exchanged daily across borders. A critical component of this complex process is the set of predefined commercial terms known as Incoterms, which stand for International Commercial Terms. These terms are published by the International Chamber of Commerce (ICC) and provide…

By Attorney Chris Callaghan Venturing into the global market can be exciting, but it comes with its challenges—especially when it comes to getting paid. Many international businesses prefer to be paid in full before shipping products overseas. While this eliminates the risk of non-payment, it can also mean losing sales to competitors with more flexible…