What Are Incoterms and How Do They Affect Your Shipment

Incoterms shipping yard with a forklift loading a Maersk Sealand container onto a truck, surrounded by stacked Maersk and Hapag-Lloyd cargo containers under a blue sky.

Every international trade contract involves a fundamental question: who is responsible for what, and at what point does that responsibility transfer from the seller to the buyer? Incoterms exist to answer that question clearly, before a single shipment moves. Incoterms, short for International Commercial Terms, are a set of standardized three-letter codes published by the […]