12/02/2020
Are you familiar with incoterms?
Incoterms are standard trade definitions most commonly used in international sales contracts. Devised and published by the International Chamber of Commerce, they are at the heart of world trade.
Among the best-known Incoterms are EXW (Ex works), FOB (Free on Board), CIF (Cost, Insurance and Freight), and DAP (Delivered at Place – replaces DDU), and FCA (Fee Carrier).
ICC introduced the first version of Incoterms – short for “International Commercial Terms” – in 1936.
The chosen Incoterms rule can only work if the parties name a place or port and specify the version of the Incoterm. (ICC- International Chamber of Commerce, January 1, 2011)
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https://www.alphalogistiques.com/resources/incoterms/
Incoterms are standard trade definitions most commonly used in international sales contracts. Devised and published by the International Chamber of Commerce, they are at the heart of world trade. Among the best-known Incoterms are EXW (Ex works), FOB (Free on Board), CIF (Cost, Insurance and Freight...