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 ...

of the parties to a contract of sale with respect to the delivery of goods sold. Incoterms are often used as a method of defining risk in transactions where goods are sold – that is, at which point ...

In last week’s article, we discussed the relevance of Incoterms 2020 as well as the salient features of Incoterms EXW (Ex Works), FOB (Free On Board), CPT (Carriage Paid To) and CFR (Cost and Freight) ...