HERMAN BEZUIDENHOUT: Demystifying the language of global trade
Incoterms provide a shared language between buyers and sellers, simplifying agreements by setting expectations, reducing confusion and fostering trust
24 November 2024 - 07:29
When businesses step into the world of international trade, they often encounter a bewildering set of rules and acronyms.
One of the most commonly used — and misunderstood — set of guidelines is “Incoterms”. Short for International Commercial Terms; they can seem intimidating, but when broken down they’re straightforward and invaluable. This column will unpack the basics of Incoterms, their purpose, and why they’re essential for simplifying global trade...
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