Incoterms, a widely-used term of a sale, is a set of 11 internationally recognized rules which define the responsibilities of sellers and buyers. Incoterms specifies who is responsible for paying for and managing the shipment, insurance, documentation, customs clearance, and other logistical activities. Current Incoterms: EXW: ExWorks FCA: Free Career FAS: Free Alongside Ship FOB: Free On […]
