Incoterms, what exactly are they again?
Heard of them but never explored them? When trading internationally, you’ll come across Incoterms fast. It’s smart to understand them before doing business abroad, forward-thinking matters, even here!
In short, Incoterms are a set of standardised trade terms that help international transactions run smoothly. They do this by clearly defining the roles and responsibilities of buyers and sellers. They cover aspects such as the transfer of risk, transport costs, and the point at which goods are considered delivered.
Choosing the right Incoterm is crucial for successful and transparent cross-border trade. BREEDT Logistics is happy to assist you with this.
The International Chamber of Commerce updates Incoterms every ten years, with the latest edition released in 2020. It includes 11 Incoterms, each designed to guide sellers and buyers in making clear, effective agreements during the transport of goods.
Avoid surprises. With forward- thinking, we ensure your transport flows seamlessly. We’re here to think ahead with you!”
