Incoterms

Clearly defined division of responsibilities

Within the framework of an international contract, the relevant Incoterm divides:

  • The responsibilities between buyer and seller
  • The costs associated with the import

You must choose between the following two incoterms, and this should be specified on the proforma or commercial invoice.

Incoterms

Export customs services

Import customs services

Import duties

Import VAT

DDU delivered duties unpaid

Seller

Buyer

Buyer

Buyer

DDP delivery duty paid

Seller

Seller

Seller

Seller