When you buy or sell goods across national boundaries, you and the other party must have a clear understanding of the terms for moving those goods to their destination. CIF and FOB are commonly used ...

FOB – which stands for Free on Board – is an Incoterm you might have come across when negotiating the purchase of goods for import to the UK. But what exactly does FOB mean – and why does it matter?

Incoterms (International Commerce Terms of Sale) are a set of rules and definitions that define the responsibilities of sellers and buyers for the delivery of goods. Incoterms are published by the ...

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.

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 ...

The International Chamber of Commerce (the “ICC”) has issued INCOTERMS® 2020 (short for ‎International Commercial Terms) to be effective January 1, 2020. INCOTERMS 2020 provides ‎an updated template ...

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In last week’s article, we discussed the relevance of Incoterms 2020 as well as the salient features of Incoterms EXW (Ex Works), FOB (Free On Board), CPT (Carriage Paid To) and CFR (Cost and Freight) ...

Off the back of my last blog it occurred to me that although many exporters understand that incoterms must be used and the importance of these, for those still indulging in the hand shake or bush ...