Incoterms® are a set of three-letter trade terms developed by the International Chamber of Commerce for shipping freight and determining the point of risk of loss from the seller to the buyer.

The INCOTERMS published by the International Chamber of Commerce (ICC) have long served the international community by offering a “shorthand” for communicating key shipping terms. INCOTERMS are so ...

What Are Incoterms & How Do They Impact International Trade? Incoterms, short for International Commercial Terms, are a set of internationally recognised rules established by the International Chamber ...

An Incoterm (FAS) that means the seller is responsible for the cost of transporting and delivering goods alongside a vessel in a port in his or her country. Since the buyer has responsibility for ...

THE implications of a well-managed supply chain are becoming clearer as companies see the efficiencies of scale and value a well-executed supply chain brings to an organisation. The role of ...

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Somer G. Anderson is CPA, doctor of accounting, and an ...