What Are Incoterms?
Incoterms (International Commercial Terms) are standardized rules defining the responsibilities of buyers and sellers in international trade. They clarify who is responsible for shipping, insurance, customs duties, and delivery risks.
Key Incoterms You Need to Know
✔ EXW (Ex Works) – The buyer takes full responsibility for transport from the seller’s location
✔ FOB (Free On Board) – The seller delivers the goods to a shipping port, then the buyer takes over
✔ CIF (Cost, Insurance, and Freight) – The seller covers shipping and insurance up to the destination port
✔ DDP (Delivered Duty Paid) – The seller takes full responsibility, including import duties
Why Incoterms Are Important
Understanding Incoterms helps businesses:
✔ Avoid legal disputes over shipping responsibilities
✔ Reduce costs by choosing the best terms for their needs
✔ Ensure smooth customs clearance and delivery
At Horecarte Export Solutions, we help companies choose the right Incoterms, optimize logistics, and stay compliant with trade regulations.
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