Español
FrançaisA contract for the delivery of a specified amount of a named currency at a specified future date in return for a specified amount of another named currency. Forward exchange contracts enable importers and exporters who will make and receive…
Read MoreForward exchange option
A contractually agreed right to buy (put) or to sell (call) a specific amount of one currency for a specified amount of another predetermined future date (European option) or up to a predetermined future date (American option). Like forward exchange…
Read MoreForward rate
The price of a foreign currency that is bought or sold for delivery and payment at a fixed future time, usually 30, 60 or 90 days. Forward transactions enable importers and exporters who will have to make, or will receive,…
Read MoreForwarder
A person or company that arranges transportation, usually on behalf of the party contracting for main carriage. Many forwarders provide additional services, such as assistance with country specific documentary requirements, insurance, storage, and even customs clearance. Some forwarders also act…
Read MoreFOT Free on track
A no longer valid Incoterms, but still used by some traders. The term may create confusion as to whether it applies to motor vehicle or to rail shipments. The suitable terms for Incoterms rules is FCA Free Carrier. See Incoterms….
Read More
