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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
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 ...
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.
A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers (party that transports goods).
The FIATA International Federation of Freight Forwarders Associations is a non-governmental organisation representing freight forwarders worldwide. According to the FIATA Annual Report 2021, FIATA counted 109 Associations Members representing the freight forwarding industry within a territory and 5959 Individual members, representing freight forwarding and logistics companies.
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 ...
Fair trade is a social movement to help producers in developing countries achieve better trading conditions. Fairtrade or fair trade may also refer to: World Fair Trade Organisation, a global community of verified Fair Trade Enterprises; Fair trade law, a law in the United States permitting manufacturers to specify a minimum retail price