Incoterms are a set of 11 internationally recognized rules which define the responsibilities and obligations of sellers and buyers in international shipping. They specify who is responsible for paying for, and managing the shipment, insurance, documentation, customs clearance, and other logistical activities.
Incoterms:
CIP - Carriage and Insurance Paid to
DPU - Delivered at Place Unloaded
CIF - Cost Insurance and Freight
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