A to Z of Incoterms 2020 Implementation

How you approach or think about a problem is more than half solving it.

This applies to Incoterms too.

These are some of the points you should consider when deciding which Incoterm to use:

A: Allocation of Costs

Consider which party (buyer or seller) is responsible for specific costs, including transportation, insurance, and customs duties.

B: Border Crossing

Pay attention to the responsibilities and risks when goods cross international borders, especially in terms of customs clearance.

C: Control

Determine which party has control over the transportation and logistics, influencing the choice of Incoterm.

D: Delivery Points

Understand precisely where the delivery of goods will take place and the transfer of risk from seller to buyer.

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Z: Zeal

Ensure both parties approach the agreement with diligence and a clear understanding of their responsibilities.