When you buy or sell goods across national boundaries, you and the other party must have a clear understanding of the terms for moving those goods to their destination. CIF and FOB are commonly used ...

International Commercial Terms ("Incoterms®") are rules that specify terms of trade designed to help traders avoid confusion by clarifying the tasks, costs and risks involved in the sale of goods from ...

In previous articles, we discussed risk of loss and transfer of title under Article 2 of the Uniform Commercial Code (the “UCC”). While the UCC contains default contractual terms for sales of goods in ...