What if I told you classifying an airplane was like classifying the parts of the human body. Don’t worry, you don’t have to be an anatomist to be able to classify an airplane, but the intricacies do draw some parallels. The human body is made up of organs, tissue, muscles, bones, tendons, etc., whereas an airplane is made up of panels, motors, computers, seats, bolts and screws, and thousands of other parts.
Topics: Classification, Tradewin
Incoterms® are defined by International Chamber of Commerce (ICC) to facilitate trade across the globe. They are internationally accepted standards which define the responsibilities of sellers and buyers for delivery of goods under sales contracts. Incoterms® are used to specify how the costs and risks associated with the cross-border transportation of goods are borne between the buyer and seller.
Topics: Classification, Tradewin, Risk
2017 is in the books and was, by many accounts, a tumultuous year for the world. President Trump began his presidency that continues to transform world politics, the U.K. triggered Article 50 to begin the Brexit process, Mohammad bin Salam in Saudi Arabia is reshaping the Middle East, there is saber-rattling on the Korean Peninsula, and I have not even mentioned China.
Every corner of the world is experiencing a level and a speed of change and transition that we typically only see in wartime. There was also that solar eclipse in North America. How cool was that?
Topics: Tradewin
