An Incoterms calculator is a tool used in international trade to determine the responsibilities of buyers and sellers concerning shipping costs, risks, and customs clearance. For example, using this tool can clarify who is responsible for insurance during transport or the handling of import duties. It helps businesses involved in global commerce understand their obligations at each stage of the transaction, from the point of origin to the final destination.
Accurate allocation of these responsibilities is crucial for successful international transactions. Misunderstandings can lead to unexpected costs, delays, and disputes. By providing clarity on these terms, such tools promote smoother transactions, reduce potential conflicts, and facilitate more predictable budgeting. The development of these calculators reflects the increasing complexity of global trade and the need for easily accessible, reliable information regarding Incoterms rules.
