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What is the term used for exporter and importer terms for delivery across international boundaries?

Bill of Lading

Shipping Manifest

Incoterms

The term used for exporter and importer terms for delivery across international boundaries is Incoterms. Incoterms, or International Commercial Terms, are standardized trade terms developed by the International Chamber of Commerce that define the responsibilities of buyers and sellers in international transactions. They clarify who is responsible for shipping, insurance, documentation, and customs duties, effectively governing the risk and costs involved in the sale and transportation of goods.

Incoterms are crucial for reducing misunderstandings by providing a common language for international trade agreements. By specifying how costs and risks are divided, they help ensure smoother logistics operations and effective communication between trading partners.

While a Bill of Lading serves as a document acknowledging the receipt of goods and can also serve as a contract for carriage, it does not define the terms of delivery or responsibilities as broadly as Incoterms do. Similarly, a Shipping Manifest is a detailed list of goods being transported, but it does not address the contractual obligations between exporters and importers. A Customs Declaration is a document submitted to customs authorities detailing the nature and value of goods being imported or exported, but it also does not cover the broader scope of responsibilities as outlined by Incoterms.

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Customs Declaration

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