Incoterms® 2020 Explained: Choosing the Right Trade Term for International Shipping
What Are Incoterms®? Incoterms® (International Commercial Terms) are internationally recognized trade rules published by the International Chamber of Commerce (ICC). They define the responsibilities of buyers and sellers in international transactions. Incoterms® clarify which party is responsible for transportation, insurance, export procedures, import procedures, costs, and the transfer of risk during the shipment of goods. …
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