Incoterms pledged goods / lien on goods under Incoterms

Quelle: https://iccwbo.org/resources-for-business/incoterms/

Not an official Incoterms term; in practice it refers to a security interest (lien) on the goods involved in a transaction under an Incoterms contract, held by the seller or financier to secure payment or performance. It does not alter the risk and cost allocation defined by the chosen Incoterms term.

Related Terms

You might also be interested in these terms

Goods

In logistics and supply chain management, “goods” are tangible items (finished or semi-finished products) intended for exchange, storage, or transport...

Learn more

Goods

Goods are tangible, movable economic items transported, stored and distributed within logistics and supply chain processes to meet the needs of busine...

Learn more

ICC Incoterms®

The ICC Incoterms® (International Commercial Terms) are a set of internationally recognized trade terms published by the International Chamber of Comm...

Learn more

Incoterms tender

A procurement or bidding process in which goods or transportation are offered under specified Incoterms terms; it defines which Incoterms rules govern...

Learn more

goods list

A goods list is a document that enumerates the items included in a shipment or inventory and serves as a reference for transport planning, customs han...

Learn more

Incoterms SAP

Incoterms SAP refers to the Incoterms rules as implemented and used within the SAP software ecosystem to define responsibilities, costs, and risk tran...

Learn more

⚖️ ICC Incoterms 2020

Incoterms 2020 Simulator: Who bears costs & risk?

Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.

Incoterms Simulator →