In daily logistics practice, implementing Incoterms means: selecting the correct term for each shipment (e.g., FOB for sea freight, CIF for import pricing), clearly delineating cost and risk responsibility in the sales contract, preparing the appropriate transport documents (bill of lading, air waybill), and ensuring customs, insurers, and freight forwarders each understand who pays for what and carries risk until where.
Source: https://iccwbo.org/resources-for-business/incoterms-rules/incoterms-2020/
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility ā free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics ā free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.