Why do we need Incoterms? - They constitute a common language for international traders

摘要

In our global village, we could ask the question: why do we need Incoterms? With the increase in international commerce, more and more goods are traded worldwide and you could think it's all getting simpler. But in reality there are different ways of doing business, local languages and customs, legal systems, trade barriers, all bringing challenges. Incoterms give us the advantage of predictability and as they are recognized around the world, they constitute a common language for international traders.