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The global cross-border payment flow is estimated to reach a trillion-dollar market by 2022.

An escrow refers to any third party that holds assets or money on behalf of two parties involved in any kind of transaction. It is a contractual arran

Incoterms happen to be a list of regulations that have been implemented by the ICC for facilitating communication between global shipping companies. These guide

A contract including an essential clause plays a vital role for any two businesses while initiating a partnership if you have two similar-looking credit or sale-purchase agreements, which might be drafted in a similar format or include all essential clauses but are likely to differ entirely. There comes a time when commercial contracts can turn into disputes just because the parties could not draft a definitive agreement covering all aspects of the deal and yet must adhere to a simple understanding. This is…

However, Thailand is also an industrialized nation and it exports many products. The most prominent of them are rubber, rice, raw sugar, refined petroleum, gold, etc. There is a worldwide demand for these products. However, exporters are h... This page displays a blog entry. Create your account or log intro truxgo. contact your friends, make new fiends or be an anonymous person Your new facebook alternative, join now!

Incoterms meaning in shipping It was the International Chamber of Commerce who had been responsible for developing Incoterms in the year 1936. It is meant to solve an international trade issue w...

What exactly is a Letter of Credit? A credit letter or letter of credit happens to be a bank guarantee stating that a special payment will be made. Being the owner of the business, a letter of credit might be requested by you from a client for guaranteeing payment for the services or products you ar...

"We are very sorry to inform you that due to unavoidable circumstances, there is a delay..". Sounds like a familiar announcement at the ai...

Escrow refers to the practice where a third party is involved in a transaction between two primary parties. This third party holds the money in an esc

Tazapay: A Trusted platform for B2B transactions

Tazapay is trusted platform for B2B transactions. Your money is securely handled by an professional institution licensed and regulated by the Monetary Authority of Singapore (MAS), Rapyd. As per MAS requirements, all customer funds are safeguarded and held with an authorised bank in Singapore. https://tazapay.com/

#B2B transactions

DDP or 'Delivery Duty Paid' makes it easier for both the buyer and seller to build good relations in terms of trust. Using B2B companies like Tazapay eliminates the risk at both ends regarding concerns about transactions in the era where almost everything is digitized. DDP MEANING IN SHIPPING 'Delivery Duty Paid' in cross-border trade is where the buyer shoulders the responsibility and takes care of all the related fees including transportation, both import and export charges, charges incurred due to any…

#DDP

#Escrow

Ex Works, also known as EXW, is an international commercial term (Incoterm) often heard in the import and export industry. It is a shipping agreement wherein sellers' responsibility is limited to making the products available at the designated locations. At the same time, the buyer takes care of the shipping charges and the risks involved. It is published by the International Chamber of Commerce (ICC) to facilitate international trading. There are ten other words apart from EXW, (incoterms) mean

When businesses are involved in international transactions, there is some level of trust between the parties involved. However, when this trust is taken advantage of to deceive & trick either of the parties, it is fraud. Therefore, it is very important to ensure the safety of payments and eliminate any risk associated with fraud [https://tazapay.com/blog/keep-your-payments-safe-tips-to-eliminate-the-risk-of-fraud] when conducting an international transaction. Fraud could occur despite having

A Letter of Credit [https://tazapay.com/blog/letter-of-credit-is-not-as-cheap-as-you-think] is a popular mode of payment used by exporters and importers for international trade. A bank issues it, and the bank takes the guarantee that the buyer will pay the seller on time for the services rendered. Therefore, the onus of making the payment – be it partial or full lies on the bank if, for any reason, the buyer cannot fulfil this financial responsibility. The bank Letter of Credit is an internatio

#International Letter of Credit

One of the most lucrative opportunities for anyone with business acumen to get into is an international business. Unfortunately, we don’t see many people wanting to be a part of the import-export business. Most entrepreneurs would rather do business within the confines of their country as they see more risk than benefits when trading beyond the borders. Import duty rates by country [https://tazapay.com/blog/tips-to-maximise-international-payment-flexibility-as-an-exporter/] , high processing fee

#import/ Export Profits

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