Incoterms, or International Commercial Terms, are an essential part of any buyer-seller agreement. These terms specify the responsibilities and risks of both parties during the transportation and delivery of goods. They are crucial in ensuring a smooth and successful transaction. As a knowledgeable professor of finance, it is important to understand these terms and their implications in international trade. Let's delve into the intricacies of Incoterms and their significance in the world of finance.
