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Trade
Intermediate
What are Incoterms?
Direct Answer
Incoterms are international trade rules defining buyer and seller shipping responsibilities.
Detailed Explanation
Incoterms determine which party handles freight cost, insurance, customs clearance, risk transfer, and transportation responsibility during international trade transactions.
Related Resources
Knowledge Card
These interactive logistics flashcards are designed to simplify international trade concepts, freight forwarding, customs clearance, and shipping documentation for importers and exporters.