The Incoterms, such as EXW, CFR, DAP, for example, provide clarity as to which party should arrange the transport, and which party pays for which part of the transport cost.
Furthermore, and something which is often overlooked, Incoterms also identify at what point in the transport chain the risk transfers from seller to buyer. There are cases where there is an overlap of risk that does not necessarily follow suit with who pays the freight bill.
”Incoterms” is an ICC trademark, registered in the European Union and elsewhere and the text of Incoterms in whole or in part is subject to ICC’s copyright. We can advise you on usage of these terms, but under copyright law are not allowed to reproduce them on our website. A very brief synopsis can be found here. If you would like to look to the official source, you can visit the ICC website.
At Ital Logistics we take the matter of transporting goods which are hazardous very seriously indeed, and do our utmost to ensure that they are carried in compliance with the rules of ADR & IMDG. Around 25% of our total business is made up of the transport of dangerous goods. Many companies shy away from […]