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Incoterms is an abbreviation of ‘International Commercial Terms’, which are a series of globally recognised terms concerning international commercial laws. The purpose of these terms is to eliminate any ambiguities arising from interpreting different rules in different countries. Incoterms are widely incorporated into contracts worldwide, so it’s important for both the shipper and the consignee to understand the full forms of these terms and what they imply. This video briefly touches upon a few common Incoterms. A registered trademark of the International Chamber of Commerce, all Incoterms can be found on ICC’s new e-commerce platform, ICC Knowledge 2 Go at
Link: 2go.iccwbo.org/about-icc-know...
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