Digital Replay: This webinar will clearly explain the 11 INCOTERMS and their terminology and role in international trade. Each of the 11 terms uses a three-letter acronym that explains the roles and responsibilities of both buyers and sellers in the business of international shipping. There is confusion regarding INCOTERMS, and the webinar will address these issues.
Should INCOTERMS be considered solely as shipping terms? No, they need to be used in conjunction with all contracts involved in a transaction (sales, insurance, transport and payment). This webinar will discuss which INCOTERMs are best to use if you are planning to get paid with a letter of credit or a documentary collection.