Auctions today do not mean old movie style, hammer booming, noisy processes, but fast, efficient and less effort taking and highly satisfying processes. Traditional auctions were often held in stuffy courthouses that were a strain for the seller and the bidders. Online auctions, which have mainly replaced traditional auctions, are swift and making trade simple.Internet auctions are conducted by several websites today, dedicated exclusively for...more
You have an object to sell or want to buy something but cannot find the best deal? You probably have not tried auctions. Not the traditional auctions but online auctions that don't take a lot of time nor do they leave you tired. You can find anything that you desire to buy and also sell at your desired price.Without doubt, online auctions are convenient. Participation requires the creation of a profile that can be used for the purposes of both...more
Incoterms 2010 ICC rules for the use of domestic and international trade terms The 1st of January 2011 the International Chamber of Commerce (ICC) will release a new version of INCOTERMS under the title, "Incoterms 2010 ICC rules for the use of domestic and international trade terms". Such version, through a clear and easy understanding wording, encourages the application of the International Commercial Terms (INCOTERMS) not only for international trade but also for domestic. 1. Use of INCOTERMSCompanies are increasingly applying INCOTERMS in those transactions that entail goods delivery. INCOTERMS are terms that are well established and worldwide accepted, yet it is always advisable, for those companies, to execute an agreement whereby, besides the application of the INCOTERM, there are other aspects within the transactions that need regulating which the INCOTERM cannot cover. Moreover, such other aspects, in many cases, are directly related to the INCOTERM per se.It is also important to take into account that the INCOTERMS are not law and therefore new versions shall not overrule previous ones. That is why it is so important that the INCOTERM is written clearly and...more
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