If you're learning the logistics of international transactions for your product or business, you will have no doubt encountered INCOTerms. These are a set of eleven internationally recognized rules that lay out the responsibilities for both buyers and sellers during these transactions.
The rules specify:
WHO is responsible for costs
WHERE the goods are picked up and delivered, and
WHO is responsible for the goods (when risk passes from one party to the other)
Download our INCOTerms 2020 Reference Sheet: a handy go-to guide with the eleven rules and a chart identifying where those responsibilities--and risks--rest in a transaction. The most up-to-date set of Incoterms is 2020.
Still need more? Reach out to Radiant Global Logistics for both International & Domestic expertise. We are happy to help!
