Incoterms (short for International Commercial Terms) are a set of globally recognized rules that define the responsibilities of both buyers and sellers during an international shipment. In simple terms, they clarify who’s responsible for what when goods are being shipped from Point A to Point B, for example who handles shipping costs, insurance costs, and customs clearance etc. No one likes surprise fees or missed responsibilities, so these international terms are here to make sure everything is clear from the get go as if something is missed customs could easily impose a penalty,fine or even seize the goods.In the world of freight forwarding and logistics, knowing these terms is essential for smooth sailing shipments!