In 2020, the ICC issued its latest set of Incoterms, which consists of seven terms that apply to any mode of transport: EXW (Ex Works), FCA (Free Carrier), CPT (Carriage Paid To), CIP (Carriage ...

Seller’s Main Obligations: These Incoterms (EXW, FCA, FAS, FOB) place most of the responsibility on the buyer. The seller simply needs to make the goods available at a designated location (EXW ...

The International Chamber of Commerce has released 'Incoterms 2010R: a trend towards international multi-modal transport', which has introduced two new rules, DAT (Delivered at Terminals) and DAP ...

If you do import and export trade transactions, it’s a must to know your new INCOTERMS (International Commercial Terms used in shipping goods on land, air and sea).

The government has decided to fix the price of DAP in domestic market at Rs 2,200 per 50-kilogram bag with a view to increasing the production of wheat at 120 kilograms per acre. This was ...