All About Incoterms Blog

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International transactions can be complex to navigate, including often confusing terminology. Join Miller Johnson’s international transactions team as they discuss the ins and outs of International Commercial Terms.

05 June 2024

Beyond the Terms: CIP, DAP, DPU, and DDP

Building on our discussion of Incoterms® 2020 in our previous article, this installment delves into the last four Incoterms used for any mode of transportation: CIP, DAP, DPU, and DDP. These terms, pivotal for stakeholders in international trade, dictate the allocation of costs, risks, and responsibilities between buyers and sellers. Grasping these terms enhances negotiation […]

 
05 March 2024

Beyond the Terms: Unpacking EXW, FCA, and CPT

In our ongoing series on International Trade Terms, we dive deeper into the intricacies of Incoterms® 2020—a globally recognized set of standards defining the responsibilities of buyers and sellers in international transactions. Building upon our previous post that introduced Incoterms, this article focuses on the first three terms suitable for multiple modes of transportation: EXW […]

31 January 2024

Beyond the Terms: An Introduction to Incoterms®

Import and export deals can be complex to navigate, including often confusing terminology. While terms in international transactions might be difficult to understand, businesses can save considerable headache by familiarizing themselves with International Commercial Terms. Better known as “Incoterms” today, Incoterms are crucial components of both domestic and international transactions. You or your business may […]