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.
OFAC: Vietnam Beverage Co. Settles with OFAC for $860,000 Over North Korea Sanctions Violations
OFAC: Vietnam Beverage Co. Settles with OFAC for $860,000 Over North Korea Sanctions Violations
October 30, 2024/
The Office of Foreign Assets Control settled with Vietnam Beverage Company for $860,000 to resolve 43 apparent violations of the North Korea Sanctions Regulations. They caused US financial institutions to process over $1m in payments for alcoholic beverages sold to North Korea. More details here.
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