For both buyers and sellers, the transportation of goods for international trade naturally involves costs, but also risks, which are shared by each party to the contract in varying proportions. This is why Incoterms were created : it is a kind of insurance that aims to protect buyers and sellers during transport links and transfers of goods. This tool was created by the International Chamber of Commerce and is the contraction of the English words International, Commercial and Terms (IN-CO-TERMS). In short, Incoterms designate a contract, signed between different parties (buyers and sellers), in the framework of commercial exchanges.
In this article, we come back to two incoterms applicable exclusively to maritime transport: FOB and CFR.
