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The document provides an overview of Incoterms 2020, which are international trade terms that define the responsibilities of buyers and sellers in commercial contracts. It categorizes the 11 Incoterms into two groups based on transport modes and highlights key examples like EXW and DDP, emphasizing the importance of risk transfer. Incoterms are crucial for simplifying international trade and preventing legal disputes by establishing clear, standardized rules.

Author

ndeyembengue856

Language

EN