What are the “Incoterms”?
Incoterms (Internationals Commercial Terms) are a framework that outline the responsibilities of buyers and sellers in global trade. Issued by the International Chamber of Commerce, they help avoid misunderstandings and legal disputes by clarifying who handles shipping, insurance, customs, and risk transfer. There are 11 Incoterms, each represented by a 3-letter code. Read more.
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What does “CIF+10%” mean? I’ve shipped hundreds of times and never had a loss. Why would I want to insure? What is a General Average? How should an insured act in the event of a claim for loss or damage? What is an 'All Risks' Policy (‘A’ Clauses)? Is a valued inventory list required? What do I do when I discover a loss or damage to a shipment? What happens if I under-value a shipment for insurance purposes? I only import Cost Insurance and Freight (CIF). Why would I need added insurance? I already have my own policy. Isn’t that enough? What is the difference between inland transit insurance and ocean cargo insurance? What are the chances that anything will happen to my goods?Maersk.com 새 기능
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