Key Terms & Conditions in Export Business:

1. Product Specifications:

•        Agreed-upon standards for quality, packaging, and labeling.

2. Payment Terms:

•        Mode of payment (e.g., Letter of Credit, Advance Payment, Open Account).

•        Currency and due dates.

3.  Delivery Conditions:

•        Terms like FOB (Free on Board), CIF (Cost, Insurance, Freight), or EXW (Ex-Works).

4. Export Licenses and Documentation:

•        Adherence to required licenses and certificates (e.g., IEC, shipping documents).

5. Dispute Resolution:

•        Jurisdiction and governing laws for settling disputes.

6. Force Majeure Clause:

•        Handling unforeseen events like natural disasters or political instability.

7. Insurance:

•        Coverage of goods against loss or damage during transit.