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Assignment
EPM
Assignment
EPM
contract for the injured party to collect as compensation upon a specific breach
(e.g., late performance).
An act of God is a legal term for events outside human control, such as sudden
natural disasters, for which no one can be held responsible.
Cost, Insurance and Freight( CIF) is a trade term requiring the seller to arrange
for the carriage of goods by sea to a port of destination, and provide the buyer
with the documents necessary to obtain the goods from the carrier.
Letter of Credit is a letter from a bank guaranteeing that a buyer's payment to a
seller will be received on time and for the correct amount. In the event that the
buyer is unable to make payment on the purchase, the bank will be required to
cover the full or remaining amount of the purchase.