What are Incoterms 2020?
Incoterms 2020 are 11 internationally recognized rules published by the International Chamber of Commerce that define buyer and seller responsibilities in international trade — who pays for shipping, insurance, customs, and where risk transfers. Common terms include EXW, FOB, CIF, DAP, and DDP. They are referenced in your sales contract.
Not sure which term to agree with your supplier? Our Incoterms 2020 explorer breaks down all 11 rules and shows exactly where cost and risk pass from seller to buyer.
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