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Front

What is a Spot transaction?

Back

A Spot transaction is a contract to buy or sell a commodity or financial instrument for immediate delivery and payment.

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What is a Forward transaction?

Back

A Forward transaction is a contract to buy or sell an asset at a specified future date for a price that is agreed upon today.

Front

What is an Option transaction?

Back

An Option transaction gives the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price before a specified date.

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What does Force Majeure mean?

Back

Force Majeure refers to unforeseen circumstances that prevent someone from fulfilling a contract.

Front

What is the purpose of Temporary import for re-import of goods?

Back

Temporary import is used to bring goods into a country for a specific purpose, such as exhibitions, without paying duties.

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What is Barter?

Back

Barter is the exchange of goods or services directly for other goods or services without using money.

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What is Counter-purchase?

Back

Counter-purchase is a type of countertrade where one party agrees to buy goods from another party in exchange for a commitment to purchase goods from them in the future.

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What is Buy-back in countertrade?

Back

Buy-back is a type of countertrade where a seller agrees to accept goods produced from their investment as payment.

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What is Compensation in countertrade?

Back

Compensation is a type of countertrade where payment is made in goods rather than cash.

Front

What is Open Bidding?

Back

Open Bidding is a procurement method where bids are publicly invited and can be viewed by all interested parties.