May 18
INCOTERMS are international commercial terms used in international trade. Incoterms are used to make global trade easier. These terms are published by International Chamber of Commerce (ICC) and almost everybody is using these terms to make a business between countries. These terms are used to understand the buyers and sellers costs – who pays transportation, what is included in the price etc.
In 1936 for the first time these terms were introduced and they have been changed for six times. The last change was in 2000 and this is referred as Incoterms 2000. There are 13 terms to be used. Continue reading »
