What they mean and how to pick one. Incoterms® were established by the International Chamber of Commerce (ICC) in 1921 and have become a crucial element in global trade, defining the responsibilities of buyers and sellers in international transactions. In this webinar, we’ll provide a high-level overview of Incoterms®, delve into their complexities, and simplify their application in various trade scenarios. You’ll gain a clear understanding of how to use Incoterms® to allocate risks and costs effectively, ensuring smoother international transactions.
DOJ: Dominican Authorities Seize Aircraft Linked to Sanctioned Venezuelan Company at U.S. Request
DOJ: Dominican Authorities Seize Aircraft Linked to Sanctioned Venezuelan Company at U.S. Request
February 14, 2025/
Dominican authorities, at the request of the U.S. government, have seized a Dassault Falcon 2000EX aircraft used by Venezuela’s state-owned oil company, PdVSA, for violating U.S. export and sanctions laws. The aircraft, which had been serviced and maintained with American-made parts despite sanctions, was previously used to transport high-ranking officials of the Maduro regime. U.S. officials emphasized their commitment to enforcing sanctions, preventing the misuse of American goods, and holding violators accountable. This action follows a similar 2024 seizure of another PdVSA-linked aircraft.
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