What is Ex Factory Price?
Ex-Factory pricing is a term you might come across while doing business with overseas partners and customers. Ex-Works is also a term you might come across in a similar setting.…
Incoterms
The Incoterms ® are a set of trade/trade rules used by the International Chamber of Commerce (ICC) in international sales contracts. The Incoterms are not binding rules. In order for…
What are Incoterms?
Incoterms are rules for international trade that have been developed by the International Chamber of Commerce. These rules are used in international sales contracts. The term Incoterms, comes from "international…
Air freight Incoterms 2020
Airfreight Incoterms Incoterms is short for international commercial terms that are reference all over the world when doing cross border trade. These terms define the liabilities, responsibilities and cost allocation…
Which Incoterm is most friendly to buyers?
Incoterms 2020 The new Incoterms 2020 have been published on the 1st of January this year. However, the original Incoterms were published in 1936 and have been creating updates to…
Incoterms: Frequently Asked Questions
In this article we look at all the frequently asked questions about Incoterms. You may also like our comprehensive article and relevant diagrams explaining the 2020 version of the terms…
Can Incoterms be used for domestic shipments?
Since most businesses already refer to Incoterms when they do cross border trade, they also include them by default when doing domestic shipments. This is perfectly fine in most cases,…
FCA vs EXW
FCA and EXW form part of Incoterms® 2020. Both these terms are very similar. Both of these terms can be used for any mode of transport. However, there are some…
Incoterms 2020 Introduction For Traders
What are Incoterms® 2020? Incoterms is short for international commercial terms. These were first published by the International Chamber of Commerce (ICC) in 1936. The ICC publishes updates to the…
