foreign market, such as how to get paid. CONTRACT PENALTIES Late delivery penalties (sometime referred to as liquidated damages) are common in global trade, and if you miss your delivery window it can cost you a substantial sum. In capital goods manufacturing, for example, these penalties are typically 1% per week, and can be applied not only to the late delivery of goods but also that of other elements such as key documents. This can wipe out your profit on a deal, so it is very important to understand…
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