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Definitions from the Web

Incoterm

Noun:

1. A standardized three-letter abbreviation used in international trade to define the terms of sale for goods.

Sample Sentence:

Under the incoterm "EXW" (Ex Works), the seller makes the goods available at their premises, and the buyer is responsible for all transportation-related costs.

Related Products:

Books on Incoterm

Incoterm Guides