How can you negotiate the transfer of risk and responsibility in a contract?
When you engage in import/export operations, you need to agree on how to allocate the risk and responsibility for the goods, the transportation, the insurance, and the customs clearance between you and your trading partner. This is where Incoterms come in handy. Incoterms are standardized terms that define the rights and obligations of the seller and the buyer in an international trade contract. They also determine who pays for what and when the transfer of ownership occurs. In this article, you will learn how to negotiate the best Incoterms for your situation and avoid common pitfalls.
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Tilak LakkadExport Manager | Specializing in Tiles, SPC, Granites and Sanitary Wares | International Business Development |…
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ALEJANDRO ROJASOperations/Logistics manager - Director of foreign trade - Industrial engineer - Master in business administration…
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Carlos LazarteGerente Operaciones | Supply Chain | Business Development | Logistics |