International Commercial Terms explained simply for EU-India trade
Incoterms define the responsibilities of buyers and sellers in international trade. Here are the most commonly used terms for EU-India commerce.
Seller makes goods available at their premises. Buyer bears all costs and risks from that point.
Seller delivers goods on board the vessel. Risk transfers when goods are on the ship.
Seller pays freight and insurance to destination port. Risk transfers at origin port.
Seller bears all costs and risks to deliver goods cleared for import at destination.
Seller delivers goods ready for unloading at destination. Buyer handles import clearance.
Seller pays costs and freight to destination port. Risk transfers at origin.
