Incoterms Involvement to Seller And Buyer
Incoterms involvement to Seller And Buyer is most important. A set of 11 internationally recognized rules. This are define the responsibilities of sellers and buyers responsibility. Incoterms indicate that who is responsible for paying, managing the shipment, insurance, documentation, customs clearance, and other logistical activities.
A set of 11 internationally recognized rule are 1<< EXW_Ex Works 2<< FCA_Free Carrier 3<< CPT_Carriage Paid to 4<< CIP_Carriage and Isurance Paid to 5<< DPU_Delivery at Place Unloaded 6<<DAP_Delivery At Palace 7<< DDP_Delivery Duty Paid 8<< FAS_Free Alongside Ship 9<< FOB_Free on Board 10<< CFR_Cost And Freight 11<<CIF_Cost, Insurance and Freight.
We can also view the power point slide in below slide—-