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A/R Finance & Factoring Terms GLossary

What isIncoterms

The Incoterms rules or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC). They are widely used in International commercial transactions or procurement processes and the Incoterms rules have become an essential part of the daily language of trade. Always consult the full ICC text to ensure correct usage of the Incoterms.

Audio Definition/Pronunciation

OTHER TERMS BEGINNING WITH "I"
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