07 Feb Incoterms for Amazon & eCommerce Sellers
Incoterms also known as trade terms, constitute the basic elements of international contracts of sale and are widely used in trade and commerce. Incoterms 2020 are valid from 1st January 2020 and they give clarity to the parties engaged in trade deals regarding what to do with respect to carriage of the goods from buyer to seller, and export & import clearance. They also explain the division of costs and risks between the parties.