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What is Understanding Incoterms in Trade about?

Incoterms are international rules that outline the responsibilities of buyers and sellers in trade transactions, including costs, insurance, customs clearance, and risk transfer. Key types of Incoterms include EXW, FOB, CIF, and DAP, each defining different points of responsibility for costs and risks. These terms help clarify the obligations of each party in international shipping agreements.

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yyy679576

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EN