International trade is a complex web of regulations, agreements and logistics. For those whose businesses rely upon international trade two things are certain, (1) tariffs will impact your supply ...

International Commercial Terms ("Incoterms®") are rules that specify terms of trade designed to help traders avoid confusion by clarifying the tasks, costs and risks involved in the sale of goods from ...

In 1936, the International Chamber of Commerce (ICC) developed a set of three-letter acronyms known as Incoterms for use in sale of goods contracts to allocate risk of loss and expenses between buyers ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J. Brock is a CFA and CPA with more ...

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) ...