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Incoterms
/ ˈɪnkəʊˌtɜːmz /
noun
- a glossary of terms used in international commerce and trade, published by the International Chamber of Commerce
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Example Sentences
And it is essential to bone up on Incoterms, the internationally standardized system that defines when a product passes from the exporter’s possession to the importer’s and who has to pay for what part of shipping.
From New York Times
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