Risks of damage arise from unexpected external factors. For example, goods may disappear or become damaged during delivery and the insurance policy does not cover this or there is no insurance.
Risks of damage related to goods can be managed by the right choice of payment method, insurance and delivery terms and conditions.
, drawn up by the International Chamber of Commerce (ICC) are commonly used in international trade agreements.
Agree with your trading partner on the following matters related to delivery terms:
- who arranges the delivery - the buyer or the seller
- who takes out insurance - the buyer or the seller
- when are the goods regarded as delivered