Shipping Incoterms 2024 Presidential. If you are shipping goods, knowing your incoterms is essential to understanding who is responsible for what in your supply chain. Incoterms play an essential role in international trade by providing standardized terms.
Freight prepaid means that the freight charges are paid by the shipper at the. Once an incoterm has been selected by the parties, this will be incorporated into the contract of sale, and clearly stated on relevant.