WHAT IS THE INCOTERMS
They are international rules for the interpretation of commercial rules, such as the establishment of some rights and of the parties in a purchase and sale agreement, and in relation to the delivery of the goods sold.
WHAT IS ITS PURPOSE
Establish a set of international rules to reduce or avoid the uncertainties derived from the different interpretations of the commercial terms in different countries.
If given this dissimilar interpretation could lead to misunderstandings, litigation and processes that are reflected in a waste of time and money.