Incoterms classification and types
The main objective of the incoterms is to establish the criteria regarding the distribution of costs, as well as the transmission of risks between the buyer and the seller in the contract of an international commercial transaction.
It is important to note that the Incoterms are not a legally binding scheme, but rather are a series of standardized conditions accepted by both the buyer and the seller. Thanks to this standardization, both parties are aware at all times of the requirements to which they must adhere.
Seller
Buyer
