Demystifying Incoterms: What Every Global Business Should Know
Demystifying Incoterms: What Every Global Business Should Know emphasizes the critical importance of these trade terms in global commerce. Incoterms are not just jargon—they shape how goods are transported, who pays for what, and when liability shifts. For example, under EXW, the buyer arranges all shipping from the seller’s premises, while under DDP, the seller takes on nearly all responsibility. Choosing the wrong Incoterm can lead to unexpected costs or legal issues. By understanding each term, businesses can avoid confusion in contracts and protect themselves financially. Whether you\'re a manufacturer, wholesaler, or freight forwarder, knowing how to apply Incoterms properly is key to a successful international trading strategy.