When engaging in international trade, importers and exporters must establish clear terms and conditions for delivering goods. The International Chamber of Commerce (ICC) has developed standardized rules known as Incoterms (International Commercial Terms), which define both parties' rights, responsibilities, and risks during the transportation and delivery processes. Selecting the most appropriate Incoterm is crucial for importers, as it affects the importation process's overall cost, control, and risk management.
This article aims to provide determine the best Incoterm for importers. By understanding the key considerations and available options, importers can make informed decisions that align with their specific requirements and objectives.
