Terms and Conditions

Our line of business falls within the scope of a number of terms and conditions we at Adamant Logistics Solution naturally abide by.

Incoterms® 2010

The Incoterms® rules is a set of trade clauses that describe the buyer and seller's risks, responsibilities and obligations in international trade. Incoterms are not legal provisions, but standard trade terms. This is why it is important that the agreement between the buyer and the seller clearly indicate the use of the Incoterms® rules as these provisions will not find application from a strictly legal point of view.

"Incoterms®" is a registered trademark of the International Chamber of Commerce (ICC). See ICC's Incoterms® rules.

NSAB 2015

The General Conditions of the Nordic Association of Freight Forwarders (NSAB 2015) are a set of standard provisions that are used by many players within the transport industry.

All of Adamant Logistics' work is done pursuant to the General Conditions of the Nordic Association of Freight Forwarders (NSAB 2015).

Letter of credit

A letter of credit is a form of payment that guarantees the exporter payment immediately after the goods have been shipped. The buyer pays for the goods to his or her bank and once the buyer receives the documents for the goods that show that the goods have been shipped, the bank releases the money to the seller.

The bank guarantees the exporter's payment once the conditions for the letter of credit have been met. By issuing a letter of credit, a bank (the issuing bank) assumes the importer's payment obligation.

Letters of credit are often used when the exporter and the importer do not know each other well enough for the exporter to ship the goods without having security for the payment.