Incoterms 2000, the official ICC rules for the interpretation of trade terms, are the international standard for defining the respective responsibilities of buyer and seller in international sales contracts.

THERE IS NO FOB FACTORY in INTERNATIONAL TRADE There are CIP, FCA, DDP, EXW and 9 more Incoterms which determine: Who arranges transportation Who pays which transportation cost Who has a right to shipping documents Who insures, for how much, at what level of coverage Incoterms determines the answers to these questions and can also indirectly influence the passage of title! And if your ...