Incoterms create a competitive advantage and mitigate risk in standard operating procedures for global supply chain ...

Though Incoterms have been around formally since 1936, they are very often misunderstood, misused and a cause of significant ...

We have reported extensively on President Trump's "America First Trade Policy", the new tariffs imposed on Canada, Mexico and China, and provided ...

By adopting a definition of climate and health literacy and further applying it through a framework and curricula in the future, there is an opportunity to boost this literacy such that impactful ...

The ICC published the first set of Incoterms in 1936 and provides regular updates to ensure they comply with changes in international trade practices. The rules were revised in 2020.

Here’s how Incoterms 2020 impact international trade: Clarity On Responsibilities: Incoterms clearly define who (buyer or seller) is responsible for various aspects of the shipment.

Carriage Paid To (CPT) is a fairly uncommon Incoterm®. The seller is responsible for the goods up to their arrival in the buyer's country.

Article explains rules and options for GST refund on export of goods. Learn about procedures, forms, and calculations involved in claiming a refund under GST.

1. There are two values reflecting in the Shipping Bills – (1) the invoice value based on the terms of shipment and (2) FOB value. If the incoterms of shipment are CIF, C&F, DDP, etc., the invoice ...

In 1936, the International Chamber of Commerce (ICC) developed a set of three-letter acronyms known as Incoterms for use in sale of goods contracts to allocate risk of loss and expenses between ...

According to Mariotto et al. (2020), the quality and shelf life of processed milk are directly related to the initial microbial load present in refrigerated raw milk that arrives at the dairy factory.