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Standard Trading Conditions (STC) are standardized terms imposed by some countries for accepting cargo by shipping lines, airlines and logistics services providers like freight forwarders and customs agents. They are usually printed as the fine print behind the shipping documents like bill of lading, air way bill, or consignment note
Under the CIF Incoterms rule, which is reserved for use in maritime trade and is often used in commodity trading, the Institute Cargo Clauses (C) remains the default level of coverage, giving parties the option to agree to a higher level of insurance cover.
BIFA's standard trading conditions do not permit set-off of mutual debts. The UK Court of Appeal case of Röhlig (UK) Ltd v Rock Unique Ltd. (2011) upheld the validity of Clause 21(A), Lord Justice Martin Moore-Bick stating that this clause: Contains a prohibition against set-off of a kind commonly found in commercial contracts.
Standard International Trade Classification; Standard trading conditions; State trading enterprises; T. Tradable sector; Trade Act 2021; Trade and development; Trade ...
Terms of trade (TOT) is a measure of how much imports an economy can get for a unit of exported goods. For example, if an economy is only exporting apples and only importing oranges, then the terms of trade are simply the price of apples divided by the price of oranges — in other words, how many oranges can be obtained for a unit of apples.
Trading Standards said a test purchase in December resulted in them being able to buy a packed of cigarettes for £7 when they should have cost between £12-£14.
Following the United Kingdom's vote to withdraw from the European Union, supporters of leaving the EU suggested that Article 24, paragraph 5B of the treaty could be used to maintain a "standstill" in trading conditions between the UK and the EU in the event of the UK leaving the EU without a trade deal, hence preventing the introduction of ...
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