It is important that any shipper are fully aware of Incoterms of trade prior to shipment, as this will prevent any confusion and extra costs. Incoterms are published by the International Chamber of Commerce and are a globally set of recognised terms intended to clarify the obligations of buyers and sellers.
Incoterms are a shorthand code which helps one another know explicitly the exact terms of their business arrangements. Some incoterms apply solely for seafreight, others can be used for any means of transport.
Take a look at Incoterms 2020 which will illustrate the shipping process and the terminology.
Feel free to contact us if you’re still confused and need to make an enquiry.