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INCO Terms

What are Incoterms?

Incoterms (International Commercial Terms) are an internationally recognized set of instructions used in the global transportation of goods. They define the division of responsibility between the Shipper (usually the supplier/consignor) and the Consignee (usually the buyer).

The terms dictate which party is responsible for the risks, costs and liabilities associated with the shipment at each stage of the shipping process.

Understanding Incoterms (International Commercial Terms) such as FOB, CIF and EXW is not always easy when trying to determine what’s best, so we’ve created this simple guide to help you understand what each Incoterm means so you can negotiate the best terms with your supplier.

Download Inco terms Guide Here

Commonly used Inco Terms in Bhutan as below,