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CPT (Carriage Paid To) is an Incoterm where the seller pays for the carriage of goods to a specified destination. However, the risk transfers to the buyer once the goods are handed over to the first carrier. The buyer is responsible for import customs clearance and any subsequent transportation costs from the destination terminal to the final location.
Credit risks refer to the potential for financial loss arising from a borrower's failure to repay a loan or fulfill contractual obligations. This risk impacts lenders, investors, and businesses that extend credit. Effective credit risk management includes assessing borrowers' creditworthiness through tools like CIBIL scores and credit
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Custom Clearance is the process of passing goods through customs so they can enter or leave a country during exports or imports. This involves submitting necessary documentation, such as invoices, bills of lading, and certificates of origin, and paying any applicable duties, taxes, and fees. Efficient custom clearance ensures that
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Customs Entry is the process of declaring imported goods to customs authorities to ensure compliance with import regulations. It involves submitting necessary documentation, such as the invoice and bill of lading, paying applicable duties and taxes, and obtaining clearance for the goods to enter the country legally and efficiently. This
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A Customs Invoice is a document provided by the exporter detailing the value, quantity, and nature of goods being shipped. It is used by customs authorities to assess duties and taxes, ensuring the accurate declaration of imported goods and compliance with import regulations. This document facilitates the customs clearance process
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DAP (Delivered at Place) is an Incoterm where the seller delivers the goods to a named place of destination, ready for unloading. The seller assumes all risks and costs up to that point, including transportation and export duties. The buyer is responsible for unloading, import duties, and any further transportation
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DDP (Delivered Duty Paid) is an Incoterm where the seller assumes all responsibilities, costs, and risks associated with delivering the goods to the buyer’s specified location, including import duties and taxes. The seller handles all logistics, making DDP the most seller-responsible term, whereas the buyer simply receives the goods
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