WHEN SHOULD INCOTERMS COME IN PLAY






                          WHEN SHOULD INCOTERMS COME IN PLAY


Now as we have discussed and learnt about the incoterms we should now try to learn their usage, so that we can use them at the right time. Buyers and sellers must negotiate the incoterms before the contract is being made. Also the parties involved in international trade must understand that incoterms vary in different countries. They must look specifically for any such changes that might disrupt the flow of goods and cause loss to their deal. However incoterms do not guarantee the ownership of the goods it merely tends to cater to the shipping practices followed in different countries. Buyers and traders must be aware of any such foul play who use incoterms to claim illegitimate ownership of goods.
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