Short for International Commercial Terms, Incoterms are a set of standard trade terms that are used in sales contracts and internationally recognised.
Also sometimes known as International Shipping Terms, the purpose of Incoterms is to ensure that both the buyer and seller know important facts about the sale and avoid costly misunderstandings by ensuring that all tasks and costs are properly delegated.
The first set of Incoterms was published in 1936. Over the years, they have been...
An introduction to Incoterms
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An introduction to Incoterms
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