WHAT INCOTERMS DO NOT INSURE






                                     WHAT INCOTERMS DO NOT INSURE

An important aspect while negotiating incoterms traders should keep in mind is that incoterms do not cover for the insurance of the goods being transported. Incoterms also does not guarantee property rights or breach of contract. So these terms must be included within the contract of sale. Also as incoterms do not cover insurance so the seller or the buyer has to bear the cost of it. This has to be done according to the incoterms. So these are brief terms that incoterms do not cover and must be kept in mind.
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