The IMFPA (Irrevocable Master Fee Protection Agreement) is a type of contract used in international trade to protect the fee (commission) of the intermediary (broker) who mediates in transactions, mainly for the purchase of commodities or merchandise negotiated in bulk…
Read MoreImport clearance
The act of complying with the import regulations of an importing country. Generally, governments require some sort of import declaration. Depending on the country and the product, additional supporting documentation such as origin certificates, consulate documentation and product relates health…
Read MoreImport contract
The import contract is suitable when a company is buying goods from abroad by way of import in the course of a business to business transaction. The contract seta out the standard terms and conditions of purchase. This type of…
Read MoreImport duty
Any tax on items imported. See also tariff.
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