Thursday, 14 September 2017

CHAPTER 3 - PARTIES IN INTERNATIONAL TRADE

The various parties involved in any international Trade transactions are:

1. Buyer / Importer / Applicant / Opener / Drawer.
2. Seller / Exporter / Beneficiary / Drawee.
3. Manufacturer / Producer.
4. Agents (for seller & Buyer).
5. Banks (all roles).
6. Transporters (Transport Agents - Air, Sea, Land).
7. Insurance Companies (Insurers).
8. Government Departments, Embassies, Consulates and Trade Organizations, Central Banks, Customs & Excise Chamber of Commerce.

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