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The Most Important Changes in Incoterms 2020

The Most Important Changes in Incoterms 2020

Incoterms are the international rules that determine the responsibilities, costs and risks between the seller and the buyer. They are universal rules that bring predictability to the business. It’s important to keep in mind that this is not the full sales contract, only part of it incorporated into the contract. From time to time the International Chamber of Commerce (ICC) releases new changes and improvements, and this article will discuss some of those most relevant topics.

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