• OLC Team Members
• February 12, 2025
• Educational/How-To Guides
• Freight Terms Explained, Global Trade Basics, Import Export Rules, Incoterms 2024, Incoterms 2025, International Trade Terms, Logistics and Supply Chain, Shipping Incoterms Guide
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If you’re new to international shipping, you’ve probably come across the term “Incoterms.” These three-letter codes might seem confusing at first, but they play a crucial role in global trade. Incoterms define the responsibilities of buyers and sellers, clarify who pays for what, and determine where the risk transfers during shipping. At OLC Shipping, we’re here to simplify Incoterms for you. …