Toolbox CN

 

Use of the Incoterms CN

 

INCOTERMS is the contraction of “INternational COmmercial TERMS”. Incoterms determine responsibilities between the vendor and the buyer within the frame of an international selling/purchasing agreement.

They allocate responsibilities but do not say when the transfer of ownership takes place.

Incoterms divide transaction costs and risks between the seller and the buyer. CN

INCOTERMS : 4 MAIN GROUPS