shipping

Choosing the Right Incoterm

Understand Incoterms and select the best option for your international trade needs. ## What are Incoterms? Incoterms (International Commercial Terms) define the responsibilities of buyers and sellers in international trade, including: - Who pays for shipping - When risk transfers - Who handles customs - Insurance requirements ## Common Incoterms on Gloseg ### EXW (Ex Works) **Seller's responsibility:** Make goods available at their premises **Buyer's responsibility:** Everything from seller's door - Lowest price for buyer initially - Buyer handles all logistics - Best if buyer has logistics experience ### FOB (Free on Board) **Seller's responsibility:** Delivery to port, export customs **Buyer's responsibility:** Sea freight, import customs, inland - Most common for sea freight - Risk transfers when goods on ship - Good balance of responsibilities ### CIF (Cost, Insurance, Freight)…