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To facilitate commerce around the world, the International Chamber of Commerce ...
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To facilitate commerce around the world, the International Chamber of Commerce (ICC) publishes a set of Incoterms, officially known as international commercial terms. Globally recognized, Incoterms confusion in foreign trade contracts by clarifying the obligations of buyers and sellers.
All International purchases
will be processed on an agreed Incoterm to define which party legally incurs
costs and risks. Incoterms will be clearly stated on relevant shipping
documents.
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