Incoterms® are a set of three-letter trade terms developed by the International Chamber of Commerce for shipping freight and determining the point of risk of loss from the seller to the buyer.

International Commercial Terms ("Incoterms®") are rules that specify terms of trade designed to help traders avoid confusion by clarifying the tasks, costs and risks involved in the sale of goods from ...

The International Chamber of Commerce (ICC) has released its revised list of international shipping terms, and effective January 1, 2020, Incoterms® 2020 become the new rules of the road. Because of ...

What Are Incoterms & How Do They Impact International Trade? Incoterms, short for International Commercial Terms, are a set of internationally recognised rules established by the International Chamber ...

Read on to learn more about what Ex Works actually means, and the advantages and disadvantages of using this Incoterm when buying goods from abroad. Ex Works – also expressed as the three-letter code ...

THE implications of a well-managed supply chain are becoming clearer as companies see the efficiencies of scale and value a well-executed supply chain brings to an organisation. The role of ...