International Commercial Terms (Incoterms) define the roles and responsibilities of buyers and sellers in global and domestic trade, ensuring clarity in shipping, costs, and risk management. These standardized terms specify who handles transportation, insurance, and customs procedures, streamlining transactions and reducing potential disputes.
While primarily designed for cross-border trade, Incoterms can also be applied to local transactions. However, they do not require a formal sales contract—rather, they serve as a universal reference point, helping both parties navigate the logistics of moving goods with confidence and efficiency.
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