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With the seller not only contracting for carriage to the buyer's country but also contracting for delivery to occur there - the difference between the C rules and the D rules - the seller not only bears the transit risk but potentially puts itself in jeopardy of breaching the sales contract.
With commodities like food and energy resources scarcening in the face of climate change and the Ukraine-Russia conflict, all eyes are turning towards Africa as a possible solution.
Conflict with Russia has created a multitude of substantial repercussions for economies around the world, not least an ongoing disruption within the global energy market.
In addition to the joint sanctions placed on Moscow by the UK and other NATO countries in February, Office for National Statistics (ONS) figures have confirmed that UK private energy firms no longer import any oil or gas from Russia.
An agreement has been reached by Denmark, the US, and 12 other countries on delivering a net-zero global maritime industry by 2050. Led by Denmark, the ‘Declaration on Zero Emission… read more →
Euler Hermes’ newest research found that 15% of the UK’s SMEs are at risk of insolvency in the next four years. Additionally, the research also highlights the impact and success… read more →
Paris, February 9, 2021 – In its County & Sector Risk Handbook, Coface, a leader in credit insurance has predicted an uneven recovery across countries, sectors of activity, and income… read more →