What are the “Incoterms”?
Incoterms (Internationals Commercial Terms) are a framework that outline the responsibilities of buyers and sellers in global trade. Issued by the International Chamber of Commerce, they help avoid misunderstandings and legal disputes by clarifying who handles shipping, insurance, customs, and risk transfer. There are 11 Incoterms, each represented by a 3-letter code. Read more.
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I only import Cost Insurance and Freight (CIF). Why would I need added insurance? I already have my own policy. Isn’t that enough? What are the chances that anything will happen to my goods? Since I only ship Free on Board (FOB), do I really need insurance? Maersk offers cargo insurance. Do i need to buy own cargo insurance? What does warehouse-to-warehouse mean?首次访问 Maersk.com?
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