Incoterms

INCOTERMS, short for International Commercial Terms, are a set of standardized trade terms used in international transactions to define the responsibilities and obligations of buyers and sellers regarding the delivery of goods. These terms, established by the International Chamber of Commerce (ICC), specify who is responsible for the cost, risk, and logistics involved in the transportation of goods from seller to buyer.
INCOTERMS-CFR

INCOTERMS 2020 | CFR – COST AND FREIGHT

CFR, short for “Cost and Freight”, means that the exporter is obligated to deliver the goods on board the vessel arranged by the exporter itself. Until the goods are placed aboard the ship, the exporter bears all risks and costs of loading
June 5, 2021
INCOTERMS-DDP

INCOTERMS 2020 | DDP – DELIVERY DUTY PAID

DDP, short for “Delivery Duty Paid”, means that the exporter is obligated to deliver the goods to the importer at the agreed delivery/destination point in the importer’s country and pay for all duties and taxes in both countries and, if any, transit
June 2, 2021
INCOTERMS-CPT

INCOTERMS 2020 | CPT – CARRIAGE PAID TO

CPT, short for “Carriage Paid To”, means the exporter is obligated to load the goods to the first carrier and pay the freight to the agreed destination in the importer’s country. It’s critical to know that the exporter is not responsible for
May 29, 2021
Go toTop