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Who is bound by the Incoterms® rules?

Posted: Tue May 08, 2018 10:21 am
by admin
The Incoterms® rules govern certain responsibilities between the seller and the buyer under the contract of sale; they should not be confused with the allocation of responsibilities between the shipper, carrier and consignee under the contract of carriage

One of the most common misunderstandings related to the Incoterms® rules involves confusing the contract of sale with the contract of carriage.