Browsing All posts tagged under »International Trade«

Romalpa Clause

January 18, 2015

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Romalpa clause, also known as ‘Retention of Title’ (ROT) clause. It is always adopted into contracts of good on credit terms. The clause is applicable on both domestic trade and international trade, and acceptable in most of the jurisdictions. What is Romalpa clause? It is a contractual provision which allows the title (or ownership) to the goods remains vested […]

Incoterms

January 15, 2015

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‘Incoterms 2010’, is a familiar term in an international trade contract. Thus, as a corporate counsel, I have to familiar the usage of this. What is Incoterms? Incoterms, which is short for ‘international commercial terms’, were established in 1936 by International Chamber of Commerce. Since then, the terms have been revised for eight times and […]