Incoterms as a group of rules that are Nowadays used in order to make the exchange of goods considerably less complicated
People have always exchanged commodities or services between each other. It is indicated by the fact that almost nobody can live without other people and this can be understood in diverse ways. Not only is this influential in psychological sense as a result of the fact that everyone doesn’t want to be alone and needs to love and be loved, but also it is connected with the fact that we are unable to develop everything beginning from food and ending on different products that are needed for us to develop, on our own. This may be also found out in case of economies, which also lack of some resources and, therefore import them from other countries.
Autor: Guillaume Speurt
Hence, in order to make this less difficult, several formulas called Incoterms were implemented. Their crucial role is to divide the responsibility and duties between two parties. Generally they are known as 3-letter abbreviations, starting from EXW, in which the buyer is responsible for transport and covers its costs and ending on DDP, where the situation is opposite. These rules at present meet with rising interest of diverse enterprises all over the world, which are certain that owing to them the trade is substantially safer, quicker and less difficult. This proves that in case of an enterprise, which would like to start trading or selling their products abroad, introduction of these rules is almost necessary. Another important fact related to Incoterms is that they save us plenty of time and trouble related to for example additional documentation etc.
Autor: Ed Ivanushkin
As a result, according to the comments of various experts, due to them the global trade got considerably less complicated and they have played a substantial importance in improvement of the amount of goods exchanged. This implies that it is recommended to consider them and take seriously into consideration in case we would like to exchange goods with foreign companies. Their introduction according to the opinions of various traders has played a pretty important role in terms of development of various issues.