Your Guide to International Trade Terms
Navigate Logistics, Costs, and Risks with EFW’s Expert Insights on Incoterms®
Understanding Incoterms® is essential for international trade. These are globally recognized rules that define the responsibilities of buyers and sellers so they can better navigate their logistics processes, costs, and risks.
EFW is here to help businesses like yours understand Incoterms® for better-informed decisions.
Explore Our Incoterms® Resources
Incoterms® Overview
Learn the basics of Incoterms® and how they apply to your business.
Demystifying Incoterms® Rules
A guide for Shippers discussing pitfalls and best practices
Incoterms® 2020 Matrix Chart
Download the Incoterms® 2020 chart of responsibility
Stay Informed, Trade Smarter
Whether on the import or export side, logistics professionals can manage their risks and costs by maintaining a thorough understanding of their Incoterms® options.
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Choosing the Right Incoterm® for Your Business
Consider the following when selecting an Incoterm®:
- Buyer-Seller Relationship – If you trust your supplier’s logistics, it may be worthwhile to let them handle more.
- Import/Export Regulations – Some terms may be more suitable depending on local customs laws.
- Cost and Risk Management – Taking on more responsibility comes with more risk but also the opportunity to save on costs.
Incoterms® are designed for clarity and efficiency in global logistics, but businesses must first understand their options and select the most appropriate Incoterms® for their situation. By staying informed on the latest Incoterms® updates, businesses can become more effective at optimizing their logistics and keeping their costs and risks low.
For further guidance, consult an international trade expert or refer to the ICC’s official Incoterms® publication.
The Incoterms® Rules are protected by copyright owned by ICC. Further information on the Incoterm® Rules may be obtained from the ICC website iccwbo.org. Incoterms® and the Incoterms® 2020 logo are trademarks of ICC. Use of these trademarks does not imply association with, approval of or sponsorship by ICC unless specifically stated above.