Incoterms payment default risk
Quelle: https://iccwbo.org/resources-for-business/incoterms-rules/
Definition: Incoterms themselves do not determine payment obligations or credit risk, but they interact with those aspects by specifying the point at which risk and costs transfer in a transaction. Payment default risk refers to the risk that the buyer does not pay according to the agreed terms under an Incoterms-based arrangement, potentially causing financial loss to the seller. This risk is typically addressed by payment terms and instruments (e.g., letters of credit, documentary collection) rather than by Incoterms alone.
Related Terms
You might also be interested in these terms