Advice on payment terms exporting to dubai
Question
We are seeking avice on the usually accepted terms of payment and insurance. We will be UK manufacturing changing room lockers and furniture and supervising installion
Answer
Hi Richard,
There are no usually accepted terms of payment for the UAE. They are up for commercial negotiation and would have to be agreed with the client. Insurance would be dependent on who owns the cargo at each stage.
Please see the resources below for some general advice on exporting to the UAE:
Dubai Trade, http://dubaitrade.ae/
UKTI, https://www.gov.uk/government/publications/exporting-to-the-united-arab-emirates/exporting-to-the-united-arab-emirates#tax-and-customs-considerations
If you have any other questions or want a recommended list of UAE based international lawyers, please write to me on tamreez.inam@bcbuae.com and I’d be happy to help.
Kind regards,
Tamreez