TECHNICAL TERMINOLOGY

In the era of integration and globalization, logistics has become an important link in the global supply chain. However, to operate effectively, businesses need to understand the basic logistics terms. The following article by Vietsun Logistics will help you understand correctly, fully and simply about these specialized concepts.

Incoterms (International Commercial Terms) – The set of international trade rules issued by ICC (International Chamber of Commerce) – is the “common language” in global goods sales contracts. Main purpose: Clearly define the responsibilities, costs and risks between the seller and the buyer during the process....