That’s the reason why, in order to make this less complex, several formulas called Incoterms were implemented. Their main role is to divide the responsibility and duties between two sides. In general they are known as 3-letter abbreviations, starting from EXW, in which the purchaser is responsible for transport and covers its costs and ending on DDP, where the situation is opposite. These rules nowadays meet with increasing interest of different corporations all over the world, which are assured that due to them the trade is significantly safer, quicker and less complicated. This implies that in case of a company, which would like to start trading or selling their products abroad, introduction of these rules is almost necessary. Another crucial fact connected with Incoterms is that they save us a lot of time and trouble referred to inter alia additional documentation etc.
As a result, according to the opinion of various experts, thanks to them the worldwide trade got substantially simpler and they have played a significant importance in development of the volume of goods exchanged. This implies that it is recommended to analyze them and take seriously into consideration in case we would like to exchange products with foreign partners. Their introduction according to the comments of various traders has played a considerably influential role in terms of improvement of various issues.