CODOTRANS

CODOTRANS

INCOTERMS

Incoterms, or International Commercial Terms, are a set of standardized rules developed by the International Chamber of Commerce (ICC) to define the responsibilities of buyers and sellers in international trade transactions. These terms establish clear guidelines regarding the delivery, risk, and costs involved in transporting goods from the seller to the buyer. By specifying who is responsible for each stage of the shipping process, Incoterms help reduce misunderstandings and ensure smoother transactions across borders. Used globally, they are essential for clarifying logistics arrangements and minimizing disputes in cross-border trade.