Incoterms 2020 Demystified: Who Assumes Risk and Freight Costs in EXW, DDP, and FOB Contracts
A three-letter code written into your purchase order determines who pays for freight, who handles customs, and who absorbs the financial loss if cargo is damaged in transit. Most importers and exporters know which Incoterm they use. Fewer understand exactly what that term commits them to — and where the hidden exposure lies when the […]