INCOTERMS Explained


INCOTERMS
Challenge


INCOTERMS
Quiz


INCOTERMS
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What are INCOTERMS?
Who decides what INCOTERMS mean?
When are INCOTERMS used?
How do INCOTERMS work?
  E Group F Group
C Group D Group
When should INCOTERMS be used?

It is not compulsory to use incoterms. However when things go wrong and disputes arise it is much easier to sort out who is responsible for what if INCOTERMS have been written into the shipping contract. To be safe, incoterms should be decided upon in the negotiation phase of any international purchasing contract.