Knowledge Base

Types of Marine Tankers: Similarities and Differences

Imagine if you have to load your crude oil into drums or barrels before you ship them to a foreign […]

Letter of credit is a letter assuring a seller of issuing bank’s readiness to make payment to the seller in

What are the advantages of Letter of Credit? Why do exporters prefer it to other payment instruments? In this article,

Crude oil is undoubtedly Nigeria’s number one source of income, and there seems not to be any commitment to creating

What is Cost, Insurance, and Freight (CIF), and what are its benefits in foreign trade? Also, why do some businessmen

There are several trade agreements out there, and if you are not careful, you may agree to wrong terms and

One of the international commercial terms we would be looking at today is Ex Works or EXW. What is Ex