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Understanding Incoterms: A Guide for Importers and Exporters
Shipping Internationally? Incoterms Are a Game-Changer. If you’re an importer or exporter, you’ve probably come across terms like FOB, CIF, or DDP on shipping documents. But what do they actually mean? Incoterms (short for International Commercial Terms) are a set of rules that define who is responsible for shipping costs, risks, and customs clearance in…
