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The international commercial terms, or Incoterms, is a universally recognised set of rules on trading globally. The Incoterms 2020 was created to provide specific instructions and guidance on the risks and responsibilities of all parties involved, effectively preventing unnecessary disputes or costs during the process.
Selecting the right Incoterm and understanding the pros or cons of each one can be a tricky process, especially when you are just starting out. DHL Express’s global network allows your shipment to be handled solely by our international specialists – a true one-stop solution for importing and exporting, door to door. By providing a comprehensive logistic service, we managed to narrow down your selection of Incoterms, from 11 to just 2. You can select this option when creating your waybill.
Commonly referred to as Duties and Taxes Paid (DTP) at DHL Express. Selecting this option indicates that the shipper or account holder incurs the full costs of the shipment, including any duties or taxes that might be incurred from customs.
Commonly referred to as Duties and Taxes Unpaid (DTU) at DHL Express. Selecting this option indicates that the shipper or account holder will incur the full cost of transportation until it reaches their intended recipient. However, all duties and taxes incurred at the destination country will be borne by the consignee or billing agency that was assigned by the shipper as indicated in the shipping invoice.
Some changes from the Incoterms 2010 edition are:
Read on the changes in detail, visit the official International Chamber of Commerce’s website.