Incoterms 2020 for Global Importers: FOB vs. CIF vs. DDP Explained
Introduction: Why Incoterms Define International Supply Chain Profitability In international trade, misunderstandings regarding who pays for ocean freight, who bears cargo risk during transit, and who handles destination port customs clearance can lead to contractual disputes and unexpected logistics costs. To standardize commercial terms worldwide, the International Chamber of Commerce (ICC) established Incoterms (International Commercial […]


