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Incoterms® (International Commercial Terms) serve as essential guidelines in international trade, defining the responsibilities of buyers and sellers regarding the delivery of goods. Established by the International Chamber of Commerce (ICC), these rules are crucial for avoiding misunderstandings in global transactions. However, the misuse or misapplication of Incoterms can lead to costly financial, operational, and legal consequences that disrupt supply chains and damage business relationships. Here, we explore the potential risks of incorrect Incoterms usage and outline strategies to safeguard your
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