For a transaction to succeed, each participant must fulfil its role: the seller delivers goods, the buyer pays, the carrier transports, the bank finances or guarantees, the insurer covers losses, customs authorities verify legality and release shipments.
Source: https://www.investopedia.com/terms/t/transaction-participants.asp
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.