Incoterms
International Commercial Terms — standardized trade terms published by the ICC that define the responsibilities of buyers and sellers in international transactions.
Frequently Asked Questions
What is Incoterms?
International Commercial Terms — standardized trade terms published by the ICC that define the responsibilities of buyers and sellers in international transactions.
Why is incoterms important for US importers?
Understanding incoterms is essential for importers to correctly classify goods, calculate duties, and maintain compliance with US Customs and Border Protection (CBP) regulations.