Contracts and International Trade Terms

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Last updated 2:53 PM on 7/22/26
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6 Terms

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Contract

A document specifying exchange conditions and detailing the parties' rights and obligations.

2
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CISG (Contracts for the International Sale of Goods)

UN Convention providing a uniform default regime for international sales contracts.

3
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COGSA (Carriage of Goods by Sea Act)

Defines rights and liabilities of ocean carriers.

4
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Incoterms

International Commercial Terms defining responsibilities for shipping, insurance, and customs.

5
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EXW (Ex Works)

Seller makes goods available at premises; buyer bears all cost and risk.

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DDP (Delivered Duty Paid)

Seller bears all cost, risk, and import duties to buyer's location.