by Ekrem Duman | Jul 18, 2026 | Contract Negotiation, Cost Reduction, Procurement
⚡ TL;DRC&F is a legacy expression that the SSDER glossary notes was replaced by CFR in the ICC terminology. Procurement should not rely on the shorthand: name the current rule, port, edition, cost scope, risk point, insurance and document duties explicitly. Key...
by Ekrem Duman | Jul 18, 2026 | Contract Negotiation, Cost Reduction, Procurement
⚡ TL;DRCAF is a currency adjustment factor used to manage exchange-rate movement in freight pricing. Procurement should identify the currency basis, reference date, index, calculation, notice, cap, floor and scope so an FX adjustment is transparent rather than a...
by Ekrem Duman | Jul 18, 2026 | Contract Negotiation, Cost Reduction, Procurement
⚡ TL;DRBASE RATE is the primary transportation charge before additional services or surcharges. Procurement should define the lane, unit, equipment, included work, minimum, validity, index and accessorial boundary so the headline rate remains comparable and auditable....
by Ekrem Duman | Jul 18, 2026 | Contract Negotiation, Procurement, Supply Chain
⚡ TL;DRABOARD means cargo has been placed on the carrying conveyance, but it is not automatically delivery, title transfer or proof of good condition. Procurement should tie the loading event to identity, quantity, condition, documents, risk terms and the next...
by Ekrem Duman | Jul 17, 2026 | Contract Negotiation, Procurement, Sourcing
⚡ TL;DRA COLLECTING BANK acts for the seller’s bank in presenting documents and collecting payment. Procurement should define the collection instruction, document release condition, bank roles, discrepancy path, sanctions checks, financing exposure and evidence...
by Ekrem Duman | Jul 17, 2026 | Contract Negotiation, Procurement, Vendor Management
⚡ TL;DRCOMMON LAW develops through judicial decisions and precedent rather than only enacted statutes. Procurement teams should not treat a common-law clause as a universal rule: define governing law, contract hierarchy, notice, variation, records, remedies and...
