In the complex world of global trade, Incoterms for freight forwarders are not just useful—they’re essential. These standardized trade terms, published by the International Chamber of Commerce (ICC), clearly define the responsibilities of buyers and sellers in an international transaction. They clarify who pays for shipping, who arranges insurance, who handles customs clearance, and where…
The Cooperative blog
Tag: Incoterms 2020
Second virtual conference by Illice Universal Logistics to overcome the challenges of Incoterms 2020 in international trade
The global trade sector heavily relies on the logistics industry to connect diverse locations worldwide. However, a significant challenge arises due to the multitude of languages spoken in different regions, making the drafting of trade and sales contracts a complex task. This is where Incoterms prove invaluable. They establish a standardized format and a universally…