Maritime lexicon

Maritime Dictionary Glossary Terms Lexicon A ABANDONMENT TO INSURERS: Abandonment of the ship or the goods by the insured to the insurance company, in exchange for the payment of the insured value. This takes place in very precise circumstances (for…

Incoterms 2010

The Incoterms rules or International Commercial terms 2010 The Incoterms rules or International Commercial terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that are widely used in International commercial transactions. A series…