Trade · 6 pages · 12 min
How incoterms split risk between buyer and seller
Incoterms name the point in the journey where risk of loss passes from seller to buyer.
When the purchase is complete, return to the original window. It will refresh.
From the opening
Incoterms are a published set of trade terms that say which party does which part of a shipment. Their sharpest split is the point at which the risk of loss or damage to the goods moves from the seller to the buyer. The opening covers each term names a risk point, freight payment is not risk, and title is a separate question.
The rest of the brief — the later sections and the reading notes — opens after Stripe confirms payment.
Inside
- Each term names a risk point
- Freight payment is not risk
- Title is a separate question
- The named place does the work
- Where the idea stops applying
- A distinction worth keeping
Sources
- Incoterms delivery and risk
- International Chamber of Commerce trade terms