Incoterms

Navigating international trade with clarity and confidence.

What Are Incoterms?

Incoterms, or International Commercial Terms, are globally recognized rules that define the responsibilities of buyers and sellers in the shipment and delivery of goods. Established by the International Chamber of Commerce (ICC), they ensure seamless international trade by clarifying risks, costs, and tasks.

Key Incoterms Categories

EXW (Ex Works)

Buyer assumes all transportation costs and risks from the seller's premises onward.

FOB (Free On Board)

Seller handles delivery to the ship; buyer takes over from the port of shipment.

CIF (Cost, Insurance, and Freight)

Seller covers shipping and insurance up to the destination port.

Why Are Incoterms Important?

Standardized rules recognized globally.
Clear allocation of risks and responsibilities.
Prevents disputes in international transactions.
Simplifies negotiations and trade agreements.

Learn More About Incoterms

Ex Works Explained

FOB Insights

CIF Details

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