Incoterms

Incoterms are standardized international trade terms published by the International Chamber of Commerce that define the responsibilities of buyers and sellers in the delivery of goods. These terms specify who bears costs and risks at different stages of transportation, from the point of origin through final delivery to the buyer. Incoterms are used in freight and transportation management to establish clear contractual obligations, manage liability allocation, and ensure smooth cross-border transactions in supply chain operations.

Incoterms sits under Freight and Transportation Management in the Transportation, Supply Chain, and Logistics domain of the Luminid skills catalogue.

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