With Incoterms, navigating the waters of responsibility and risk can feel a lot like sailing through uncharted territory without navigation assistance.

Incoterms® 2020 is a roadmap that guides buyers and sellers to their responsibilities for the goods being shipped.

Choosing the right Incoterm is like navigating a ship through open waters—steering the course of a transaction and determining how responsibilities are divided between the buyer and seller.

When choosing Incoterms, importers and exporters must develop their skills in recognizing differences. Not all Incoterms are the same.