Incoterms® are a set of three-letter trade terms developed by the International Chamber of Commerce for shipping freight and determining the point of risk of loss from the seller to the buyer.

Clear international agreements between a buyer and a seller are becoming more and more necessary as part of successful international trade in our globalised environment. Understanding and using ...

The International Chamber of Commerce (ICC) has released its revised list of international shipping terms, and effective January 1, 2020, Incoterms® 2020 become the new rules of the road. Because of ...

Freight costs surge as shipping firms impose war-risk surcharges amid the Iran-US conflict. Ajay Sahai explains how ocean ...

What Are Incoterms & How Do They Impact International Trade? Incoterms, short for International Commercial Terms, are a set of internationally recognised rules established by the International Chamber ...