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What is Understanding Incoterms in Trade about?

The document discusses Incoterms, which are commercial terms used in international trade to clarify costs and responsibilities of buyers and sellers. It provides definitions and origins of Incoterms, their importance in regulating delivery, risk, expenses and customs procedures. It also outlines the four main Incoterm groups (E, F, C, D) based on delivery type and responsibilities. Specific Incoterms within each group are described, along with classifications changes between the 2010 and 2020 versions.

Author

Alvaro Babilonia

Language

EN