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Incoterms

International Commercial Terms (‘Incoterms’) are internationally recognised standard trade terms used in sales contracts. They are used to make sure both buyer and seller know:
  • who is responsible for the cost of transporting the goods, including insurance, taxes and duties
  • where the goods should be picked up from and transported to
  • who is responsible for the goods at each step during transportation

Visit the ICC "Incoterms" website