When it comes to international trade, negotiations can be complex and involve different countries, regulations and responsibilities. To ensure an efficient and transparent process, it is essential to understand INCOTERMS (International Commercial Terms) – a set of rules established by the International Chamber of Commerce (ICC) that defines the rights and obligations between buyers and sellers in global commercial transactions. In this article, we’ll explore the crucial details of INCOTERMS, their importance for international trade and how Well Cargo can be a valuable partner in helping you navigate this universe.
What are INCOTERMS?
INCOTERMS are a universal language in international trade, which determine vital issues such as: responsibility for transportation, insurance, customs clearance, transfer of risks and costs involved in the movement of goods between countries. These rules are periodically updated to adapt to changes in the global scenario and ensure greater clarity and transparency in negotiations.
The INCOTERMS, launched in September 2020, replaced the previous 2010 version and bring significant adjustments to adapt to the current international trade landscape. In all, there are eleven commercial terms that define the rights and obligations of the parties involved, applicable to both traditional modes of transport and modern multimodal systems.Access the exclusive e-book offered by Well Cargo and deepen your knowledge of INCOTERMS: https://conteudo.wellcargo.com.br/incoterms?rdst_srcid=2902268
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What is the main purpose of INCOTERMS?
1.avoid misunderstandings and conflicts
By adopting INCOTERMS, the parties establish a clear pattern of responsibilities, avoiding misunderstandings and possible disputes during the negotiation. With a precise and universally accepted language, INCOTERMS guarantee efficient communication between those involved.
2. Reducing costs and risks
The correct application of INCOTERMS allows for an equitable distribution of costs and risks between buyers and sellers, avoiding unpleasant surprises during the operation. With a clear division of responsibilities, it is possible to make more informed decisions about transportation, insurance and other logistics processes.
3. Facilitating logistics and customs clearance
By defining specific responsibilities, INCOTERMS make the logistics process run more smoothly, simplifying the movement of goods and speeding up customs clearance in different countries.
4. Access to new markets
Familiarity with INCOTERMS enables your company to explore new markets and business partners anywhere in the world. By using a universal language, you demonstrate professionalism and knowledge, generating confidence in potential clients and foreign partners.
5. Increases competitiveness
With a solid understanding of INCOTERMS, your company will be better prepared to compete globally. By optimizing logistics costs and reducing risks, you can offer more competitive prices and expand your international operations.
Well Cargo and its expertise in INCOTERMS
Well Cargo is a recognized and reliable company when it comes to logistics and international trade. Its team of highly trained professionals has vast experience in applying INCOTERMS in different business scenarios.
By choosing Well Cargo as your partner, you will have access to:
1.Personalized guidance
Well Cargo’s experts will help you choose the most suitable INCOTERM for your operation, taking into account the specific needs of your business.
2. Reduced risks and costs
Well Cargo will ensure that your negotiations are carried out in accordance with INCOTERMS rules, minimizing risks and avoiding unnecessary costs.
3. Extensive network of contacts
The company has a solid network of international partners and agents, facilitating the movement of your goods in different countries.
In an increasingly competitive and challenging international trade scenario, understanding and correctly applying INCOTERMS is essential to the success of your global business. With clear and up-to-date INCOTERMS rules, your company will be prepared to reduce risks, optimize costs, expand its operations and conquer new markets.
Well Cargo stands out as a reliable and experienced partner in logistics and international trade, offering the necessary guidance to ensure that your negotiations comply with global standards. Access the exclusive e-book offered by Well Cargo and deepen your knowledge of INCOTERMS: https://conteudo.wellcargo.com.br/incoterms?rdst_srcid=2902268
We are ready to embark with you on your journey to global success!
Count on Well Cargo and take your business beyond borders!