Gateway Optimum Transportation

Gateway deals with a lot of first time international shippers. People looking to sell their goods overseas and looking for the costs involved to make the sale. It is always an educational lesson beyond logistics transportation to explain to people the basics of International sales contracts BEFORE calculating the costs in transportation. I always instruct these people to read up on the latest Incoterms.  Incoterms or International Commercial Terms are internationally recognized standards used in sales contracts to define who is responsible for the goods at each stage of the sales delivery process. This includes who pays for what portion of the transportation and includes who pays for insurance, taxes and duty. What I am providing below is a brief (very brief) interpretation of the latest Incoterms we use here at Gateway and in no way should be regarded as a definitive rule on the terms. For a full understanding of these terms and or changes to them visit www.iccwbo.org ....