Delivered Duty Paid DDP Incoterms

Delivered Duty Paid DDP Incoterms

DDP Incoterms In international trade, incoterms are a set of standard commercial terms used in letters of credit and other shipping documents to specify how the seller will deliver the goods and who pays for transportation costs. The delivered duty paid incoterm is...
E-Commerce in South Africa

E-Commerce in South Africa

E-commerce in South Africa E-commerce is gaining traction in the South African market, particularly in remote places where traditional distribution systems are too expensive. To compete with mail-order enterprises, almost all traditional markets now have a website,...
African Continental Free Trade Area (AfCFTA)

African Continental Free Trade Area (AfCFTA)

AfCFTA  The African Continental Free Trade Area (AfCFTA) paved the way to make remarkable touches on intra-African trade by establishing an integral trade agreement between the Member States that is mutually beneficial. Here in this article will discuss the concept of...
What is a Commercial Transaction when importing?

What is a Commercial Transaction when importing?

It requires import and export licenses and an importer of the record to import IT and tech equipment into international countries, which is complex and can cause fines and delays if incorrectly carried out. This process often has a second complexity layer that is...