Parties involved to use Incoterms directly and indirectly

Inco Terms for movement of goods is revised as Incoterms 2020.  The importers and exporters are suggested to use the latest version.  Click here to read the contents of Inco Terms 2020.

Who uses International Commercial Terms (Inco Terms)?

Inco terms are used directly by buyers and sellers.  Under international trade, it is used by exporters and importers.   However Inco Terms are used indirectly by Insurance companies, Banks and Carriers.  Carriers include Shipping companies, Freight Forwarders, IATA agents, local transporters etc.   Banks use Inco Terms for payment purpose.

Inco Terms for movement of goods is revised as Incoterms 2020.  The importers and exporters are suggested to use the latest version.  Click here to read the contents of Inco Terms 2020.

Learn practical problems and solutions in Exports and Imports

Click here to read latest Inco terms rules for delivery of goods  

Banking rules related to Exports and Imports in India

How to open Letter of Credit, easily explained here

CIF terms, Importer or Exporter responsible to unload the goods?       Who arranges insurance under DDP terms of delivery as per Incoterms 2020?          On Carriage under Delivery of goods, easily explained     What is Main Carriage under delivery terms     What does Pre Carriage mean under Terms of delivery     11 Terms of Delivery easily explained under Incoterms 2020      Distinguish between EXW and CIF under delivery rules     Difference between CFR and EXW under delivery rules     A Comparison between FOB and EXW     FAS Vs.EXW, relate to Inco Terms 2020     Difference between DDP and EXW under Inco terms 2020     EXW Vs DAP, what are the differences?     How to differentiate EXW and DPU     Distinguish between CIF and CIP under Inco term delivery rules     Compare CIP and DPU based on delivery rules of ICC     Under FCA, who is responsible for export customs clearance?     Can I use FOB under Air shipment?     Minimum delivery risk, which Inco term is better for buyer?     DAP and CFR under Inco terms 2020     Compare between DAP and FOB rules for delivery     FAS and DAP under Inco terms 2020     How to differentiate DDP and DAP     DDP and FAS, a differentiating study     FOB and DDP under Inco terms 2020     DDP and CFR under Inco terms 2020, a comparison     CFR Terms of delivery, Exporter or Importer to unload goods at destination?     Who unloads goods under DAP terms of delivery at named place?     CIP terms of movement, Unloading goods by Buyer or Seller?     CPT delivery terms, buyer or seller to unload goods at destination?     FCA terms, who is responsible to unload cargo at named place?