Understanding Incoterms 2020: A Quick Guide for Importers

Incoterms — short for International Commercial Terms — are a set of globally recognised rules published by the International Chamber of Commerce. They clearly define the responsibilities of buyers and sellers for the delivery of goods under sales contracts.

Choosing the right Incoterm protects both parties from misunderstandings about who pays freight, who carries the risk, and where ownership changes hands. Whether you are working with EXW, FOB, CIF or DDP, our specialists guide you to the most cost-effective and least risky option for your trade lane.