In international trade, one of the most common challenges is determining who is responsible for what during shipping. Who pays for transport? Who bears the risk if goods are damaged? This is where Incoterms (International Commercial Terms) come in. Published by the International Chamber of Commerce (ICC), Incoterms are globally recognized rules that define the obligations of buyers and sellers in cross-border trade. The latest version, Incoterms 2020, came into effect on January 1, 2020, updating key responsibilities to reflect today’s global supply chain realities. By using the right Incoterm, businesses can avoid disputes, control costs, and ensure smoother customs clearance.