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Incoterms: terms of delivery in international trade
Incoterms: terms of delivery in international trade
What happens if goods break or go missing when they are sent between two countries? In that situation, a global set of trade rules applies: Incoterms (International Commercial Terms).
Incoterms are rules used to make clear who is responsible for transport, insurance, taxes and other costs in connection with the delivery of the goods.
Simplified version of Incoterms