I index
Incoterms commonly used in ceramic export
1. Incoterms: Incoterms, also known as “International Commercial Terms”, are a set of internationally recognized trade terms used in conjunction with international sales contracts. Incoterms are designed to help importers, exporters, lawyers and transport companies understand clearly which tasks,......
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Interbank lending
Interbank Loan
Interbank loans are essentially short-term loans for banks. They are used for two major purposes: to finance short-term asset transactions, and to fill temporary mismatches in funding liquidity. Interbank loans allow banks to borrow from and lend to each other in order to meet thei......
Indian Ocean Rim Association
Introduction
The Indian Ocean Region (IOR) is a complex area, with a wide range of political, economic and security interests making it difficult to obtain agreement from all of its members on any issues. Despite this complexity, the IOR has seen a significant increase in regional cooperation, pa......
invisible trade
Introduction
Intangible trade, also known as invisible trade, refers to the international trade of various intangible goods, including technology, information, brand services and knowledge. The emergence of digital economy and the rapid development of the fourth industrial revolution have brought......
individual average
The term marine casualty means a ship or its cargo that was damaged or destroyed during a voyage, and marine casualty is a real concern for anyone involved in the shipping industry. A serious marine casualty can be costly, both financially and in terms of human life. It is important to be familiar......
Issuance of letter of credit
Letter of Credit
A letter of credit (LC) is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods or services provided certain documents have been presented. The commitment of payment by the issuer is primarily dependent upon the creditworthiness ......
Infant Industry Protection Theory
Infant Industry Protection: Theory and Evidence
The infant industry argument for protection suggests that newly established industries should be sheltered from foreign competition in order to give them time to become internationally competitive. This argument follows the theory of comparative adv......
infant industry
Early Childhood Industries
Early childhood industries have become increasing essential in many parts of the world due to their ability to support the physical and cognitive development of young children in their formative years. Early childhood industries include services such as child care, pre-......
illinois principle
The Illinois Principle
The Illinois Principle is a theory of legal reasoning developed by the American lawyer and scholar Edward H. Levi. The name of the principle references Levis tenure as the President of the University of Illinois, as well as his subsequent career as the United States Attorne......
Incoterms related to international trade practices
International Commercial Terms
International Commercial Terms (Inco Terms) are terms used in international trading contracts, defined by International Chamber of Commerce (ICC) to ensure clarity of any trade agreement between two partner traders throughout different countries. The standardized se......
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