Before we look at the four levels, let’s explore what Incoterms rules influence. The rules define the obligations (and hence roles and responsibilities), as well as the risks and costs to be borne by ...

Did you know that over 60% of international shipping disputes arise from unclear trade terms? For businesses shipping goods ...

Embedded in these terminologies are the trade rules that clearly define the seller’s and buyer’s obligations as part of a contract. The new set of incoterms took effect worldwide on Jan.