| Transit times, incoterms, rapid customs clearance, sourcing decisions, pipeline inventory, etc. |
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| Incoterms standardize practice and determine the transfer point of all risks. |
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| Incoterms are an example of optional corporate governance rules elaborated by the business world for its own purposes. |
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| Revisions have been made to ensure that the wording of the Incoterms clearly and accurately reflects present-day trade practices. |
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| If you also decided to change the Incoterms in the document header from FOB to EXW this will not affect item 20 either. |
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| Incoterms should be made into law according to world economists. |
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| When the document is outputted, the item-specific Incoterms are set out in addition to the generally applicable ones at header level. |
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| Between these two extremes you have the 11 other Incoterms including the most widely used one, CIF, short for cost, insurance and freight. |
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