Chapter 5 – Incoterms and Tariffs

Below is a link to a chart showing you the most common Incoterms, which are the standard definitions of trade terms of the International Chamber of Commerce (ICC). Incoterms is the abbreviation for International Commercial Terms. They are internationally recognized as indispensable evidence of the buyer’s and seller’s responsibilities under a sales contract.

Link to Incoterms Chart

It is also a good idea to visit their online bookshop and find out which books you may need for staying on top in following subjects:

  • Model Commercial eBooks
  • Trade Reference eBooks
  • International Banking eBooks
  • Institute of World Business Law eBooks

Link to ICC Business Bookstore

About Tariffs

Here is a link to the different import tariffs for most countries. It is essential you familiarize yourself with the details because it is needed for your cost calculation – you cannot expect that every factory knows the details for your import costs.

Link to World Customs Organization (WCO)

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