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...
by Ekrem Duman | Jul 17, 2026 | Contract Negotiation, Procurement, Supply Chain
⚡ TL;DRA BLANKET WAYBILL can cover cargo moving in more than one trip, but it must not become a blanket excuse for missing shipment-level evidence. Procurement should define scope, validity, release, quantity reconciliation, custody and amendment rules for every...
by Ekrem Duman | Jul 17, 2026 | Contract Negotiation, Cost Reduction, Procurement
⚡ TL;DRCIF&C, CIF&E and CIFCI are legacy extensions of cost, insurance and freight wording. They are not substitutes for selecting a current Incoterms rule. Procurement should identify the extra commission, exchange, collection or interest assumption and...
by Ekrem Duman | Jul 17, 2026 | Contract Negotiation, Procurement, Supply Chain
⚡ TL;DRA clean bill of lading or apparent-good-order statement usually records external condition at receipt; it does not prove hidden quality, correct packing or final delivery. Procurement should define inspection, exceptions, clausing, photographs, survey,...
