Guide to Incoterms – International Commercial Terms

By Margaret Bux
clock 1 min

International Commercial Terms, known as “Incoterms”, are internationally accepted terms defining the  responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability  involved at various stages of the transaction.

It is crucial to agree on an Incoterm at the start of a negotiation/ quotation of a sale, as it will affect the costs and responsibilities involved in shipping, insurance and tariffs.

Download our Guide to Incoterms (PDF)


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