Payment security mechanisms such as letters of credit, documentary collections, or guarantees protect exporters against buyer default while goods move under Incoterms terms.
Source: https://iccwbo.org/resources-for-business/incoterms-rules/
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.