Commercial Terms

Stephen A. Jones ()
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Stephen A. Jones: AXS Trade Finance Ltd.

Chapter 14 in The Trade and Receivables Finance Companion, 2019, pp 217-234 from Springer

Abstract: Abstract When financing open account transactions using a trade payables or accounts receivable solution, the financier becomes exposed to the commercial terms agreed between the seller and the buyer. The terms must provide a commitment of the buyer to purchase that can be relied upon as the primary source of facility repayment. An extract of a commercial contract is examined from the perspective of the financier, and clauses which impact upon the self-liquidating nature of the proposed facility are identified and discussed.

Keywords: Ban on assignment; Commercial terms; Contra trade; Contracting carriage; Divisible contract; Entire contract; Instalment shipments; Law and jurisdiction; Open account trade; Ownership (title) of the goods; Penalties; Retention of title; Sale or return; Set-off or counterclaim (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-25139-0_14

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DOI: 10.1007/978-3-030-25139-0_14

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