Incoterms
Incoterms is a widely recognized document in the field of international trade. Compiling this document was necessary due to the significant differences in the legal systems of various countries. The main aim of Incoterms is to eliminate confusion in foreign trade contracts by outlining the responsibilities of both buyers and sellers. Domestic and international traders often use Incoterms as a shorthand to help them comprehend each other’s trade agreements and …