What are Incoterms, and how do they influence logistics operations?

Incoterms determine when the seller’s costs and risks are transferred to the buyer. There are many different incoterms, ranging from Ex-Works, in which all costs for customs and transportation are the responsibility of the buyer, and DDP, in which all of the costs remain the responsibility of the seller. A full breakdown of all of the terms can be found in our Useful Documents section