Incoterms 2020 – Understanding Your Shipping Terms
When shipping goods internationally, knowing who is responsible for transportation, insurance, and customs clearance is essential. Incoterms 2020, established by the International Chamber of Commerce (ICC), provide a clear framework that defines the responsibilities of buyers and sellers in global trade.
At Connexus, we help businesses navigate these trade terms to ensure efficient, cost-effective, and risk-free logistics.
What Are Incoterms 2020?
Incoterms (International Commercial Terms) are a set of globally recognized rules that clarify:
✔ Who arranges and pays for transport
✔ Who handles insurance and customs clearance
✔ When the risk of the goods transfers from the seller to the buyer
Which Incoterm is Right for You?
Choosing the right Incoterm is crucial for avoiding hidden costs, reducing delays, and ensuring a smooth supply chain.
But how do you know which Incoterm is best for your business? It depends on your logistics capabilities, risk tolerance, and trade strategy. At Connexus, we help businesses make informed decisions about Incoterms to streamline logistics, minimize risks, and optimize costs.
Get in touch with us today to find the best shipping solution for your needs!