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What are the terms used in trade (INCOTERMS)?

INCOTERMS terms Trade Used
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What are the terms used in trade (INCOTERMS)?

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• INCOTERMS stands for International Commercial Terms:The function of these INCOTERMS is to avoid any disputes that might arise between the parties to a commercial transaction as a result of difference in the interpretation or construction of commercial terms from one country to another.

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