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INCOTerms

Incoterms or international commercial terms are a series of international sales terms, published by International Chamber of Commerce (ICC) and are widely used in international commercial transactions. They are used to divide transaction costs and responsibilities between buyer and seller and reflect state-of-the-art transportation practices. The first version was introduced in 1936 and the present dates from 2010. For more information see Terms of Sale. For more information see Terms of Sale.

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