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June 11, 2023
Several terms might seem overwhelming if you're new to the world of import and export. One of these terms is Incoterms. This set of rules helps define the responsibilities of both the importer and the exporter. However, without a proper understanding of these rules, you may pay more than expected.
In this article, you'll learn about incoterms- what they are, the major incoterms, and the best ones for sellers and buyers. We also give you a walkthrough of the Incoterms we use in our company. Keep on reading.
What are Incoterms?
Incoterms is a shipping term established by the International Chamber of Commerce (ICC) and generally used by importers and exporters during a trade. It provides a set of established rules that
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