People have always exchanged goods or services between each other. It is proved by the fact that almost nobody can live without other people and this can be understood in miscellaneous ways. Not only is this crucial in psychological sense as a result of the fact that everyone doesn’t want to be alone and needs to love and be loved, but also it is related to the fact that we are unable to produce everything starting from food and ending on different goods that are needed for us to develop, on our own. This is likely to be also found out in case of economies, which also lack of some resources and, hence import them from other countries.
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Consequently, in order to make this less difficult, several formulas called Incoterms were introduced. Their most important role is to divide the responsibility and duties between the seller and purchaser. In most cases they are known as 3-letter abbreviations, starting from EXW, in which the buyer is responsible for transport and covers its costs and ending on DDP, where the situation is opposite. These rules nowadays meet with rising interest of miscellaneous enterprises all over the world, which are ascertained that owing to them the trade is considerably safer, faster and less complicated. This implies that in case of an enterprise, which would like to start trading or selling their goods abroad, introduction of these rules is almost obligatory. Another popular fact related to Incoterms is that they save us great amount of time and trouble related to for instance additional documentation etc.
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Consequently, according to the opinion of miscellaneous people with experience in this field, owing to them the international trade got significantly easier and they have played a substantial role in development of the volume of products exchanged. This proves that it is advised to analyze them and take seriously into consideration in case we would like to exchange goods with foreign partners.
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Their implementation according to the comments of different traders has played a pretty important role concerning improvement of miscellaneous issues.
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