Businesses must move beyond reactionary strategies and develop permanent procurement postures that support not merely resilient but antifragile supply chains.

If the U.S. buyer is responsible for the tariff (for example, under any Incoterm other than DDP, or in the absence of a contract term), the U.S. buyer will be obligated to pay the tariff to U.S ...

Gloria Deutsch was born in Liverpool and gained her B.A. (Hons.) degree in English Language and Literature there. Deutsch made Aliya in 1973 together with her husband, Alexander, a surgeon and two ...

If your business involves shipping, importing, and exporting, then understanding freight costs is going to be a huge part of making your business a success. One of the key things you need to ...

The ICC published the first set of Incoterms in 1936 and provides regular updates to ensure they comply with changes in international trade practices. The rules were revised in 2020.

Here’s how Incoterms 2020 impact international trade: Clarity On Responsibilities: Incoterms clearly define who (buyer or seller) is responsible for various aspects of the shipment.

The first two articles in this series discussed the state of Incoterms rules and how they are structurally challenging to understand and use correctly. The articles made the case that every trade is ...

Incoterms 2010 rules assumed that goods carried from the seller to the buyer were via a 3rd party. Incoterms 2020 allows for own means of transport by the buyer in the FCA rules and by the seller in ...

Incoterms, or “International Commercial Terms,” were designed and published by the International Chamber of Commerce (ICC) over 80 years ago and were made to simplify trade. Prior to Incoterms, each ...

They cover various terms of trade such as who is responsible for paying freight costs, insuring goods in transit , covering any import/export duties, etc. They are invaluable as, once importer and ...