Incoterm
noun as in strong fondness
Word Combinations
Example:The Incoterm of CIF (Cost, Insurance, and Freight) determines that the seller is responsible for arranging the necessary insurance.
Definition:A trade term specified in sales contracts that determines the point at which the seller's and buyer's responsibilities and financial liabilities begin or end in an international sale transaction.
From Incoterm
Example:The company is familiar with the latest Incoterms released by the International Chamber of Commerce.
Definition:Collectively, the standardized sets of rules used in international trade to define and clarify key contractual terms and conditions.
From Incoterms
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