New Incoterms 2020 explained for importers and exporters
The standard terminology used to describe international contracts of sale, Incoterms, has been updated. The new Incoterms 2020 came into effect on 1 January 2020 and impacts everyone involved in buying and selling goods internationally. They clearly set out the respective obligations of the buyer and seller and delineate responsibilities during the transport process. Importantly,…
Read more