AIB Tradefinance - Glossary of Terms Mon, 6 Sep 2010
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eUCP
Supplement to Uniform Customs and Practice for Documentary Credits which governs electronic presentation of data under Letters of Credit
Ex works
This is an INCO term and explains what the price quoted represents and the responsibility of the buyer and seller in relation to arranging for the various costs associated(e.g. insurance, freight, duties) with the shipment. It is normally used in road transport but can also be used for a combination of transport methods when the goods are to be collected by the buyer at the seller's premises. It usually covers the cost of the goods only.
Expiry Date (Guarantee)
The last day on which the beneficiary can present a valid claim to the bank.
Expiry Date (Letter of Credit)
The last day on which the seller can present documents to the advising or issuing bank.
Export Credit Insurance
See Debtor Insurance

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