Possession transfer serves a practical function in international trade: it marks when the buyer gains physical control and actual custody of the goods.
Source: https://iccwbo.org/resources-for-business/incoterms/
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 – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – 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.