International Commercial Terms (Incoterms) - Important for Apparel Merchandising

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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