Incoterms is a set of trade terms which define the responsibilities and risks of both buyer and seller on the sale/purchase of a commodity, including whilst in transit.
We have drafted a knowledge article on this topic providing the terms and meaning as well as consideration ofbuyers’ and sellers’ risks and responsibilities under each set of Incoterms, please view it here.
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Read MoreNaturally this has caused great commercial uncertainty, and those associations dealing with agricultural products, such as Gafta and Fosfa may be particularly concerned with how UK’s exit from the EU will affect the production and import/export of agricultural commodities to and from the UK.
Read MoreE-filing set to become mandatory in Commercial Court.
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