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What is an incoterm and how does it affect the handling of my shipment?

Incoterms (International Commercial Terms) are several voluntary clauses to facilitate international trade. They are related to contractual sales practices and define where titles are transferred from seller to buyer and what fees are borne by what party (e.g. insurance, freight, customs duty, etc.). The most recent version includes 11 terms. More information is available at IHK Berlinand the ICC.

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