Glossary

These are the contractual clauses of the transaction when the purchaser succeeds in having them prevail, whether through the channel of a framework contract or through a mechanism included in its commitment leading to the exclusion of the supplier's general terms and conditions of sale.

Depending on its activity, the company has a global sum which it can draw on according to its needs. This credit offers ease of management for the customer and security for the banks.

The exporter entrusts his goods to a consolidator who then hands them over to the carrier, after having assembled them with the goods of other shippers to be sent to the same destination.

Percentage up to which the credit insurer covers a risk. It is applied to the indemnifiable loss to calculate the indemnity.

Undertaking given by a legal or natural person (debtor's parent company, bank, director in a personal capacity, third party, etc.) in favour of a creditor to stand in for the debtor in the event that the latter fails to pay his or her debt. It is a personal guarantee.