International Commercial Terms (Incoterms) - Important for Apparel Merchandising

Posted by Firoz Kabir on Friday, December 20, 2013 0

International Commercial Terms (Incoterms) are internationally recognized standard trade terms used in sales contracts. They’re used to make sure buyer and seller know:

  •   who is responsible for the cost of transporting the goods, including insurance, taxes and duties
  •   where the goods should be picked up from and transported to
  •   who is responsible for the goods at each step during transportation

About the Author

Md. Firoz Kabir(M.Sc in Textile Engineering)

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