Trade Terms Sample Clauses
The Trade Terms clause defines the specific commercial terms and conditions that govern the sale and delivery of goods or services between parties. It typically outlines details such as delivery obligations, transfer of risk, payment terms, and responsibilities for shipping, insurance, and customs clearance. For example, it may specify whether goods are delivered FOB (Free On Board) or CIF (Cost, Insurance, and Freight), clarifying which party bears costs and risks at each stage. This clause ensures both parties have a clear understanding of their respective duties and liabilities, reducing the potential for disputes and misunderstandings in cross-border or domestic transactions.
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Trade Terms. Whenever an INCOTERM is used in this Order it shall be interpreted in accordance with the INCOTERMS 2000.
Trade Terms. The trade terms used between Principal and Agent shall be governed and interpreted by the provisions of the latest Incoterms. 거래조건 : 본인과 대리인간에 사용된 거래조건은 가장 최근의 인코텀즈의 규정에 준거하고 해석될 것이다.
Trade Terms. Except to the extent that these terms and conditions expressly provide for a different interpretation, trade terms shall be interpreted as follows: (a) for Goods to be shipped to a destination within the United States, trade terms shall be interpreted in accordance with the Oregon Uniform Commercial Code; (b) for Goods to be shipped to a destination outside the United States, trade terms shall be interpreted in accordance with the Incoterms as amended and published by the International Chamber of Commerce and in effect as of the date of the Contract.
Trade Terms. Unless otherwise defined in this Agreement, words or abbreviations which have well-known trade meanings are used in this Agreement with those meanings.
Trade Terms. Insofar as any trade terms have been agreed pursuant to the International Commercial Terms (INCOTERMS®), they shall be interpreted and apply in accordance with INCOTERMS® 2020.
Trade Terms. All trade terms provided in this Agreement shall be interpreted in accordance with the latest Incoterms of the International Chamber of Commerce.
Trade Terms. The delivery terms governing sales of Material under the Agreement will be FOB at the Loadport into vessels furnished by the Distributor.
Trade Terms. Undefined words and abbreviations which have well-known technical trade meanings are used herein in accordance with such recognized meanings in the electronic funds and benefits transfer at point of service industry.
Trade Terms. Trade terms shall where appropriate, and where not inconsistent with the provisions of this Agreement, be interpreted in accordance with the current International Rules for the Interpretation of Trade Terms of the International Chamber of Commerce ("Incoterms") in force on the date of this Agreement.
Trade Terms. Any trade terms described in the Individual Contracts are construed in accordance with the most recent version of INCOTERMS published by the International Chamber of Commerce.