Incoterms

/ ˈɪnkəʊˌtɜːmz /

noun

a glossary of terms used in international commerce and trade, published by the International Chamber of Commerce

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Example Sentences

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And it is essential to bone up on Incoterms, the internationally standardized system that defines when a product passes from the exporter’s possession to the importer’s and who has to pay for what part of shipping.