Import Export Specialist Question: Download Questions PDF
What is incoterms (International Commercial Terms)?
Answer:
Incoterms (International Commercial Terms) is agreed rules which set out the delivery terms for goods which are traded internationally.
They allow the buyer and seller to agree responsibilities for the carriage of the goods, customs clearance and a division of costs and risks. The current version of Incoterms, agreed in 2000, contains 13 terms. They are grouped into categories covering various modes of transport. Find more information about Incoterms at the Incoterms 2000 website.
They allow the buyer and seller to agree responsibilities for the carriage of the goods, customs clearance and a division of costs and risks. The current version of Incoterms, agreed in 2000, contains 13 terms. They are grouped into categories covering various modes of transport. Find more information about Incoterms at the Incoterms 2000 website.
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