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Incoterms® are a series of regulations published by the International Chamber of Commerce ( ICC ) which define the responsibilities of buyers and sellers in international commercial transactions.


The following information is based on the information provided on the ICC website; for detailed explanation reference is made to International Chamber of Commerce (ICC) publication INCOTERMS® 2020. This document is provided to our customers for informational purposes only. Please refer to the official text of the ICC for a full and detailed description of all rights and liabilities arising from the use of the aforementioned Incoterms® (https://iccwbo.org).

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