Foreign trade contracts
Legal fine points that are worth money.
Incoterms, risk allocation, payment terms, force majeure, arbitration clauses — we go through each clause so that you understand exactly what you are paying for and what you could lose. With examples from real contracts we have rewritten.
DDP vs DAP vs CIP: which Incoterm to choose for deliveries from Turkey, and why
DDP (Delivered Duty Paid) — the seller bears all costs and risks up to the destination, including customs clearance in Ukraine. Convenient for the buyer, but…
How to draft penalties for late delivery so that they hold up in court
An invalid formula: "For late delivery the seller pays a penalty of 0.1% of the value of the goods." Why? Without a maximum amount and a time limit…
Force majeure in a foreign trade contract: how to draft it so that it does not become a loophole for a dishonest partner
A typical mistake: "The parties are released from liability in the event of force majeure." This allows the partner to declare force majeure in any circumstances.
Checking a counterparty before a deal: 5 sources you must check
The national register of legal entities. Check the status, how long the company has existed and its managers. Court registers. Are there cases against it as a defendant for non-performance…