Here’s What You Need to Know
In the last quarter of 2019, the International Chamber of Commerce launched the Incoterms 2020. A set of rules that guide the trade community on the day to day transactions. One of the main roles of these rules is to alleviate disputes between traders (importers and exporters) at an international level. The Incoterms eliminate common challenges such as language barriers and geographical locations and ease the path of doing business many times with unknown suppliers in foreign lands.