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International Commercial Terms (Incoterms) - Essential Trade Definitions
Incoterms (International Commercial Terms) are globally recognized trade terms defining the responsibilities of buyers and sellers in international transactions.
Goods are made available at their location, completing requirements of the transaction. They have minimum responsibility, risks, and obligations.
Responsible for all charges with potential greater responsibility of risks for bringing goods to final destination.
Goods are cleared for export and handed to first carrier appointed by the buyer at named place. Pays for carriage to named point of destination.
Selects named location.
Places goods alongside ship at named port and clears goods for export.
Loads goods on board ship appointed by buyer and clears goods for export.
Advises seller of ship and port where goods are to be loaded.
Pays costs and freight to bring goods to the port of destination.
Bears risk of goods once goods have crossed ship's rail.
Pays costs and freight to bring goods to the port of destination. Also procures and pays for insurance for buyer.
Bears risk of goods once goods have crossed ship's rail.
Pays for carriage of freight to point of destination named by buyer. Risk transfers to buyer upon delivery of first carrier.
Selects point of destination, bears risk when goods are handed to first carrier.
Pays for carriage and insurance to named destination point. Risk transfers when goods are handed over buyer upon delivery of first carrier.
Selects point of destination, bears risk when goods are handed to first carrier.
Responsible for delivery, duty and transportation costs of goods to named destination/country.
Pays for carriage to named place with exception of import clearance costs, assumes all risks of goods prior to unloading of goods by buyer.
Names destination, unloads goods from seller and assumes risks upon unloading.
Pays for carriage to terminal, except for import clearance costs, assumes all risks of goods prior to unloading of goods at terminal.
Our expert team is ready to guide you through international shipping requirements and documentation
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