The most common logistic Incoterms
The largest gypsum board manufacturers in the world
March 12, 2024
The most information about Mongla Port
March 13, 2024
The most common logistic Incoterms
Incoterms, or International Commercial Terms, are a set of globally recognized trade terms that define the responsibilities of buyers and sellers in international transactions. They help to clarify the costs, risks, and responsibilities involved in the transportation and delivery of goods.
Here are some of the most common logistic Incoterms:
1.EXW (Ex Works): The seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, export/import clearance, and risk during transit.
2.FCA (Free Carrier): The seller delivers the goods to a specified carrier at a designated location. From that point, the buyer assumes responsibility for transportation costs, export/import clearance, and risk during transit.
3.CPT (Carriage Paid To): The seller pays for the transportation of goods to a specified destination, but the buyer assumes responsibility for risk during transit and import clearance.
4.CIP (Carriage and Insurance Paid To): Similar to CPT, but the seller also provides insurance coverage for the goods during transit. The buyer is still responsible for import clearance.
