2020 INCO TERMS


When negotiating an international sales contract, both parties need to pay as much attention to the terms of sale as to the sales price. To make it as clear as possible, an international set of trade terms (INCOTERMS) has been adopted by most countries that define exactly the responsibilities and risks of both the buyer and seller including while the merchandise is in transit.


Below are the updated 2020 INCOTERMS




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