November 17, 2022
Incoterms: What They Are and Aren’t For
Incoterms are rules in a contract for the sale of goods. Exporters and importers worldwide use them to clearly indicate which contract party is responsible for what in the goods delivery process. That may sound simple, but in practice, Incoterms are often misunderstood and are viewed as a panacea against every possible contractual risk. They’re far from being that, however....