Businesses to optimize international commercial terms

by VTV405 May 2018 Last updated at 10:16 AM

VTV.vn - International Commercial Terms (Incoterms) was regarded as the basic principles for any businesses with import-export activities.

Parties to a transaction use Incoterms as a source of reference for their responsibilities and the resolvement of trade disputes. Experts also suggest that the negotiation process of international trade contracts should be consulted and participated by lawyers or those with in-depth experience so that businesses are not too passive in the selection of favorable terms.

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