Terms and links of interest

Types of containers, international commercial terms and many other concepts that are essential for goods transportation.

Find out more about these terms by clicking on the tabs. You can also download a pdf with more information.

Incoterms – What are they and what are they for?

Incoterms (the acronym for international commercial terms) are three-letter trade terms that represent standards which are voluntarily accepted by both parties (buyer and seller) for the terms of delivery of goods and products. They are used to clarify the costs of international commercial transactions, defining the responsibilities between buyer and seller. They represent current practice in the international transport of goods.

Incoterms determine:
– The scope of the price (who pays for which part of the international transport)
When and where the risk on the goods is transferred from
the seller to the buyer (who is responsible for the goods at any given time).
– The place the seller must deliver the goods to
– Who contracts and pays for the transport
– Who takes out and pays for international insurance
– Which documents are processed by which party and who bears the cost.

Incoterms – What are they and what are they for?

Incoterms (the acronym for international commercial terms) are three-letter trade terms that represent standards which are voluntarily accepted by both parties (buyer and seller) for the terms of delivery of goods and products. They are used to clarify the costs of international commercial transactions, defining the responsibilities between buyer and seller. They represent current practice in the international transport of goods.

Incoterms determine:
– The scope of the price (who pays for which part of the international transport)
When and where the risk on the goods is transferred from
the seller to the buyer (who is responsible for the goods at any given time).
– The place the seller must deliver the goods to
– Who contracts and pays for the transport
– Who takes out and pays for international insurance
– Which documents are processed by which party and who bears the cost.