nounmasculinepl: Incoterms
Incoterm
1. A standardized international commercial term published by the International Chamber of Commerce (ICC) that defines the responsibilities of sellers and buyers in the delivery of goods under sales contracts
The contract specifies FOB as the Incoterm, meaning the seller is responsible for shipping costs until the goods are loaded aboard the vessel.
O contrato especifica FOB como o Incoterm, significando que o vendedor é responsável pelos custos de envio até que as mercadorias sejam carregadas no navio.
2. Any of the official three-letter codes (such as CIF, DDP, EXW) used in international trade to clarify the terms of sale
Understanding the correct Incoterm is crucial to avoid disputes in international transactions.
Compreender o Incoterm correto é crucial para evitar disputas em transações internacionais.
Incoterms are essential in Brazilian and international commerce, particularly in import-export operations which are vital to Brazil's economy. Understanding Incoterms is mandatory for anyone involved in international trade. The ICC updates Incoterms every 10 years; Incoterms 2020 is the current standard adopted globally.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →