INCOTERMS, an abbreviation for International Commercial Terms, constitute a standardized set of international trade terminology employed within international contracts and commercial dealings. These terms were initially introduced by the International Chamber of Commerce (ICC) in 1936 and have subsequently undergone multiple revisions. The most recent version is INCOTERMS 2020. They serve to establish a common … Continue reading A Concise Guide to INCOTERMS 2020 in International Transactions