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Incoterms

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Incoterms
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  • I hope you are well, this time we will talk about incoterms
  • Hello, how are you?
  • Let's start!
  • Knowing what incoterms are, they were born after the First World War where the board of merchants created the ICC or International Chamber of Commerce with the purpose of establishing rules in this commercial field, being that they would look after the interests of each interested party of such this chamber is currently responsible for its publication and updating of these incoterms.
  • To begin with, what are incoterms?, we can understand them as rules established in the international world that function as obligations and responsibilities for the buyer and seller.
  • Curious factIncoterm is the fusion of 3 words: International Commercial Terms that give life to this international tool
  • Over the years, it became a tool that could not be missing in purchase-sale contracts, since we know that its use implies the responsibility of both interested parties to be able to transport merchandise, accepting certain risks or not, according to the type of incoterm.
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