GlossaryEN1 min readUpdated: Jan 31, 2026

Incoterms local subsidiary

A nonstandard term; refers to applying Incoterms by a company’s local subsidiary in cross-border trade.

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Last updated: 31 January 2026Published: 27 January 2026

Source: https://iccwbo.org/resources-for-business/incoterms-2020/

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