DDP, Insurance Documents, and Unloading Risk: Getting Incoterms® Right in an LC Context Intro One of the recurring sources of confusion in trade finance arises when Incoterms® are mechanically copied into a letter of credit without considering what those rules actually require — or do not require. A typical example is an LC issued on DDP terms that nevertheless calls for the presentation of an insurance policy or certificate. Is that correct? And … Read More