The buyer and seller of an international trade will have a better understanding of responsibilities in the event of loss and damage thanks to both parties agreeing on the relevant Incoterms. You can include Incoterms in your contract to cover who is responsible for every stage of the supply chain, including customs clearance and insurance requirements. Incoterms also make it clear who pays for each different cost within the international supply chain. Learn more about Incoterms 2020 Rules...