Incoterms 2020 do not regulate the transfer of ownership of the merchandise, nor the sale price, the form of payment, the general conditions of sale, etc. These issues are defined in the International Sale Contract that materializes the consent between the seller and the buyer. Exporters and importers often confuse risk transfer with transfer of ownership. This confusion is understandable ... Read More »
Incoterms 2020: transfer of ownership and payment risk
