Incoterms Explained : simply, we hope
November 19, 2005 by SwizStick
Filed under Incoterms 2000
It always astounds me how little people seem to know about incoterms or understand them. From my experience in the logistics industry, most major trading companies in Asia, and especially Europe, seem to have at worst a basic knowledge of Incoterms with most having a strong understanding of the terms they commonly use.
Unfortunately, I can not say the same of many companies I have come into contact here in my home country of the U.S. While there are exceptions, by and large most of the shipping/logistics managers I have come into contact with have little to no understanding of Incoterms. Some even lack the understanding of the 1-2 Incoterms their company normally uses on a daily basis.
One of our goals here with 3plwire is not just to disseminate news and opinions but also to educate. With that in mind, we will begin posting explanations of the Incoterms that are commonly used in world trade, hopefully making them easier to understand.
My partner Splatty will start with an introduction to Incoterms and their uses. After that, we will take turns explaining the various Incoterms used, taking them on one-by-one.
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