Export Specialist Blog - Tag : freight

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Understanding Incoterms For Shipments

Incoterms (International Commercial Terms) are standardized terms used in international sales contracts to define the responsibilities of sellers and buyers regarding the delivery of goods. Here is a brief explanation of the most commonly used incoterms for shipments by sea: 1. EXW (Ex Works): The seller makes the goods available at their factory or warehouse. The buyer bears all costs and risks...

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