1ST LESSON - INCOTERMS

The international trading and commerce, like any other activity and business environment has his own language to easy the communication between a seller (exporter) and a buyer (importer). The acronym INCOTERMS stand for "International COMMERCE TERMS" and has been in place for more than 20 years. It is regulated by the ICC - International Chamber of Commerce - being the latest version INCOTERMS 2000.
If you are planning to sell or buy internationally, better get a the official book of INCOTERMS 2000 at: http://www.iccwbo.org/
Understanding the way you and your counterpart will do the business is the most important thing and savvy steps to make.
The international trading is an exiting adventure to experience, it doesn't matter if your deal is for $2000 or 2 billion, the rules and regulations are clear enough to protect the seller and the buyer.
Next blog, I will explain the categories and the different ways to trade,
Thank you for reading.