Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
The commonly used trade terminologies are referred to as INCOTERMS 2000. It is the Bible of trade terminology and clearly spells out the responsibility of the buyer and seller for delivery of goods under a sales contract. It facilitates international shipment by standardizing the entire movement of goods from factory to final destination.
