What delivery terms suit you best?
Delivery terms are a part of any commercial agreement that will state the agreements between parties on how the goods will be delivered and, as a result, outlines the point at which legal ownership changes from the seller to the buyer.
General specifications that are made on delivery terms will specify the delivery terms code and the place specification. As you understand this can have a significant impact on your cost for a delivery. Ensure you understand the costs and liabilities from delivery terms when reviewing a contract.
To make it easier Incoterms were drafted to assist international organisations from different countries to interpret and apply uniform transport agreements.
Read more about delivery terms and Incoterms here.
Please note that this document is not legal advice. Legly, and its representatives, are not responsible for the content herein or the suitability for your company’s business. We recommend you use this in conjunction with legal advice and not as a substitute.