Tag: logistics

WHAT ARE INCOTERMS AND WHY ARE THEY IMPORTANT?

WHAT ARE INCOTERMS AND WHY ARE THEY IMPORTANT?

INCOTERMS IS THE ABBREVIATION FOR “INTERNATIONAL COMMERCIAL TERMS”, PUBLISHED BY THE INTERNATIONAL CHAMBER OF COMMERCE RELATING TO INTERNATIONAL COMMERCIAL LAW. These terms are used in contracts to determine who is responsible for executing certain aspects of the shipping and logistics process, who is responsible for paying for certain aspects of shipping, and at what point these responsibilities and accountabilities change…

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