District Export Council-Arkansas

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Incoterms®: The World’s Essential Terms of Trade

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The Incoterms® rules are the world’s essential terms of trade for the sale of goods. Incoterms®?(International Commerce Terms) are a set of 11 internationally standardized rules which define the responsibilities of sellers and buyers. Incoterms®?specify who is responsible for paying for and managing the shipment, insurance, documentation, customs clearance, and other logistical activities. The new...

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