Business, Forwarding, Freight News, Logistics

New online guide to the Incoterms minefield

[ March 21, 2018   //   ]

A consortium of industry experts led by supply chain solutions firm SWG and including BIFA, the Chartered Institute of Logistics & Transport (CILT) and insurers theTT Club have collaborated to offer a free online Incoterms compliance and supply chain risk initiative to help shippers identify issues in the international supply chain.

Incoterms are the standard contract term used in international sales contracts to define the supply chain responsibility and liability of the buyer and seller.  Because they are written from a legal perspective, they can be confusing or misunderstood, sometimes with expensive results.

The resource shows many of the issues associated with different stages in the supply chain.


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