Pricing in international trade in cashew is in US Dollars per lb. Current and forward price quotations in US $ and other currencies are available on request directly from member exporters of the Council.
Business in cashew is done on an offer and acceptance basis between buyers and sellers by telephone, telex or cable, since the prices are subject to frequent fluctuations.
The cost of insurance is borne by the buyer.
At the time of contract, the month of shipment, grade, price etc., are to be clearly indicated. Sometimes, exporters offer commodity for shipments upto six months in advance.
Export dealings are usually finalised on the basis of the opening of 100% irrevocable Letter of Credit by the buyer in favour of the shipper. The LC is opened immediately on execution of contract or one month prior to shipment.