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INCO Terms define the responsibilities of buyers and sellers in international commercial transactions. They clarify when ownership transfers and who is responsible for transportation and insurance costs. The terms indicate where these responsibilities change hands, such as Free On Board (FOB), where the buyer assumes risks and costs when goods are loaded on the ship. INCO Terms standardize international trade by outlining key details like payment obligations and customs clearance using internationally recog
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- fcchemicalsupply Company
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- EN