International and local trade

Incoterms as a collection of rules that are At present used in order to make the exchange of commodities significantly less complicated

Umowa biznesowa
People have always exchanged commodities or services between each other. It is proved by the fact that almost nobody can live without other people and this can be understood differently. Not only is this important in psychological sense as a result of the fact that everyone doesn’t want to be alone and requires to love and be loved, but also it is related to the fact that we are unable to develop everything beginning from food and ending on diverse commodities that are required for us to develop, on our own. This can be also discovered in case of economies, which also lack of some resources and, consequently import them from other countries.

Wrocławska Hala Targowa
Autor: Guillaume Speurt

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.

fragment karty kredytowej
Autor: Ed Ivanushkin

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.