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Incoterms in International Trade

18/06/2020 by Aceris Law LLC

Ex Works Incoterm

The Incoterms are a set of commercial/trade rules established by the International Chamber of Commerce (“ICC”) that are used in international sale contracts.[1] The Incoterms are not mandatory rules – for them to receive legal effect, they must be explicitly incorporated by the parties into their contract. In the following paragraphs, after outlining the classification […]

Filed Under: International Trade

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