What does RWA mean in the oil trading business
carriage paid to
Sales and Purchase Agreement,
RWA = ready, willing and able POF = Proof of funds
fco in international trading is:Full Corporate Offer .This is the final, detailed, specific offer that the seller is sending to the buyer.Doron Tamir, Advocate.http://law.tamir.co.il/?cf=wikians
POF stands for proof of fund that is used for collateral or securities. It proofs that one has fund to maintain any cost.
CIS: Chinese International Shipping
Performance bond A surety bond between two parties, insuring one party against loss if the terms of a contract are not fulfilled. Usually part of a construction contract or supply agreement.
The International Ship and Port Facility Security Code (ISPS Code)
Incoterms is a set of trade terms wich define the costs and risks for sellers and buyers in the international trade. Incoterms is a trademark of the International Chamber of Commerce.
It basically just means borrowing(:People just have different ways of saying it.ex. Regrouping, Trading, ect.
International Bank Account NumberBank Information Center