Incoterms® are a set of three-letter trade terms developed by the International Chamber of Commerce for shipping freight and determining the point of risk of loss from the seller to the buyer.

Learn how Delivered Duty Unpaid (DDU) affects seller and buyer responsibilities, and discover its updated counterpart, ...

In previous articles, we discussed risk of loss and transfer of title under Article 2 of the Uniform Commercial Code (the “UCC”). While the UCC contains default contractual terms for sales of goods in ...

Clear international agreements between a buyer and a seller are becoming more and more necessary as part of successful international trade in our globalised environment. Understanding and using ...

The International Chamber of Commerce (ICC) has released its revised list of international shipping terms, and effective January 1, 2020, Incoterms® 2020 become the new rules of the road. Because of ...