{"id":13021,"date":"2025-05-08T14:30:38","date_gmt":"2025-05-08T14:30:38","guid":{"rendered":"https:\/\/alfaloc.pt\/?page_id=13021"},"modified":"2025-06-16T15:53:07","modified_gmt":"2025-06-16T15:53:07","slug":"millennium-portugal-exporter-8","status":"publish","type":"page","link":"https:\/\/alfaloc.pt\/en\/millennium-portugal-exporter-8\/","title":{"rendered":"Inconterms"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"13021\" class=\"elementor elementor-13021 elementor-13020\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-76e82bba e-flex e-con-boxed e-con e-parent\" data-id=\"76e82bba\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-4bfa3693 e-con-full e-flex e-con e-child\" data-id=\"4bfa3693\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-59d81bbd elementor-widget__width-inherit elementor-widget-mobile__width-inherit elementor-widget-tablet__width-initial elementor-widget elementor-widget-heading\" data-id=\"59d81bbd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.22.0 - 17-06-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Inconterms<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-af11052 e-con-full e-flex e-con e-child\" data-id=\"af11052\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b13200f elementor-widget__width-inherit elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"b13200f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are they?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-405ee1f6 elementor-widget-mobile__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"405ee1f6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.22.0 - 17-06-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>They are a set of 11 standard commercial terms, which make certain obligations in international trade contracts more uniform, clear and transparent.<\/p><p>Through Inconterms, millions of companies define in their international contracts, in a simple and practical way, the responsibilities of the seller and the buyer and the associated delivery\/risk, obtaining reliability, rigor and security in international business. <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f076974 elementor-widget__width-inherit elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"f076974\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why are they so important?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7a7ce0 elementor-widget-mobile__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"c7a7ce0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"letter-spacing: 0.6px;\">Because they are recognized and accepted all over the world.<\/span><\/p><p><span style=\"letter-spacing: 0.6px;\">Defining the right Inconterms significantly reduces the risk of comprehension problems with potentially huge costs.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a5bee80 elementor-widget__width-inherit elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"a5bee80\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What do they cover?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-027d9a0 elementor-widget-mobile__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"027d9a0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"letter-spacing: 0.6px;\">Inconterms specify all the tasks, risks and costs associated during the transaction of goods between the seller and the buyer.<\/span><\/p><p><span style=\"letter-spacing: 0.6px;\">It clarifies the obligations of each party, who bears the risk of transportation, who covers the costs, among other things.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9363b9 elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"a9363b9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">The most common Incoterms<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9485ba elementor-widget__width-inherit elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"e9485ba\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">EXW - Ex Works<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f669e76 elementor-widget elementor-widget-image\" data-id=\"f669e76\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.22.0 - 17-06-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"155\" src=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/EXW-inconterms-alfaloc-1024x199.png\" class=\"attachment-large size-large wp-image-13034\" alt=\"EXW Ex Work Inconterm Alfaloc\" srcset=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/EXW-inconterms-alfaloc-1024x199.png 1024w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/EXW-inconterms-alfaloc-300x58.png 300w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/EXW-inconterms-alfaloc-768x149.png 768w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/EXW-inconterms-alfaloc.png 1450w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d7a26d elementor-widget-mobile__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"4d7a26d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"letter-spacing: 0.6px;\">Outside the factory.<\/span><\/p><p>The vendor&#8217;s responsibility is to make the goods available for collection from their warehouse or factory. All the supplier needs to do is prepare the goods for collection.  <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a565e81 elementor-widget__width-inherit elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"a565e81\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">DAP - Delivered at Place<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b481f50 elementor-widget elementor-widget-image\" data-id=\"b481f50\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"135\" src=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/DAP-inconterms-alfaloc-1024x173.png\" class=\"attachment-large size-large wp-image-13045\" alt=\"DAP inconterms alfaloc\" srcset=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/DAP-inconterms-alfaloc-1024x173.png 1024w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/DAP-inconterms-alfaloc-300x51.png 300w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/DAP-inconterms-alfaloc-768x129.png 768w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/DAP-inconterms-alfaloc.png 1258w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b8c6888 elementor-widget-mobile__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"b8c6888\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"letter-spacing: 0.6px;\">Delivered on site.<\/span><\/p><p><span style=\"letter-spacing: 0.6px;\">The seller is responsible for organizing all the transport until the goods are delivered to a location identified by the buyer.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3835d90 elementor-widget__width-inherit elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"3835d90\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">DDP - Delivered Duty Paid<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3691075 elementor-widget elementor-widget-image\" data-id=\"3691075\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"152\" src=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/DDP-inconterms-alfaloc-1024x195.png\" class=\"attachment-large size-large wp-image-13053\" alt=\"DDP inconterms alfaloc\" srcset=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/DDP-inconterms-alfaloc-1024x195.png 1024w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/DDP-inconterms-alfaloc-300x57.png 300w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/DDP-inconterms-alfaloc-768x146.png 768w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/DDP-inconterms-alfaloc.png 1262w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7832235 elementor-widget-mobile__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"7832235\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"letter-spacing: 0.6px;\">Delivered duty paid<\/span><\/p><p><span style=\"letter-spacing: 0.6px;\">The seller is responsible for the entire shipment, usually by air, including customs clearance, taxes and delivery of the goods to the buyer&#8217;s premises<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3658e0f elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"3658e0f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Summary table of Inconterms conditions<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0903de elementor-widget-mobile__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"a0903de\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Chart available in the e-book available with everything about Inconterms.<\/p><p>Order your e-book<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5b6a93 elementor-widget elementor-widget-html\" data-id=\"b5b6a93\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"eg-embed-ve31eObX\"><\/div> \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7cdd7c elementor-widget elementor-widget-image\" data-id=\"a7cdd7c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"613\" src=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/inconterms_alfaloc_todos-1024x785.png\" class=\"attachment-large size-large wp-image-13057\" alt=\"Inconterms alfaloc todos\" srcset=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/inconterms_alfaloc_todos-1024x785.png 1024w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/inconterms_alfaloc_todos-300x230.png 300w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/inconterms_alfaloc_todos-768x589.png 768w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/inconterms_alfaloc_todos.png 1226w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3a6594c e-con-full e-flex e-con e-child\" data-id=\"3a6594c\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e939107 elementor-widget elementor-widget-image\" data-id=\"e939107\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"563\" src=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/maual_alfaloc_inconterms-1024x720.jpeg\" class=\"attachment-large size-large wp-image-13061\" alt=\"maual_alfaloc_inconterms\" srcset=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/maual_alfaloc_inconterms-1024x720.jpeg 1024w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/maual_alfaloc_inconterms-300x211.jpeg 300w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/maual_alfaloc_inconterms-768x540.jpeg 768w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/maual_alfaloc_inconterms-1536x1080.jpeg 1536w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2025\/05\/maual_alfaloc_inconterms.jpeg 1604w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac745fc elementor-widget elementor-widget-html\" data-id=\"ac745fc\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"eg-embed-ve31eObX\"><\/div> \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71265cb elementor-widget elementor-widget-image\" data-id=\"71265cb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"448\" src=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2024\/07\/man-face-03-1024x574.png\" class=\"attachment-large size-large wp-image-9925\" alt=\"\" srcset=\"https:\/\/alfaloc.pt\/wp-content\/uploads\/2024\/07\/man-face-03-1024x574.png 1024w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2024\/07\/man-face-03-300x168.png 300w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2024\/07\/man-face-03-768x431.png 768w, https:\/\/alfaloc.pt\/wp-content\/uploads\/2024\/07\/man-face-03.png 1077w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4946842 elementor-widget elementor-widget-text-editor\" data-id=\"4946842\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b100b9c elementor-widget__width-initial elementor-widget-mobile__width-initial elementor-widget elementor-widget-heading\" data-id=\"b100b9c\" data-element_type=\"widget\" data-widget_type=\"heading.default\"><div class=\"elementor-widget-container\"><strong>Campaign &#8220;Are we going to take over?&#8221;<\/strong><\/div><\/div><div class=\"elementor-element elementor-element-2bc6e0d elementor-widget-mobile__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"2bc6e0d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\"><div class=\"elementor-widget-container\"><p>Yes, we are made of special relationships. We don&#8217;t want a banal relationship.  <strong><a href=\"https:\/\/alfaloc.pt\/en\/lets-take-over\/\">Win \u20ac150<\/a><\/strong><\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d23281c e-flex e-con-boxed e-con e-parent\" data-id=\"d23281c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Inconterms are standard contractual terms used in international trade. Alfaloc will help you understand each one better. <\/p>\n","protected":false},"author":4,"featured_media":13028,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-13021","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Inconterms - Alfaloc - Export Support<\/title>\n<meta name=\"description\" content=\"Inconterms are standard contractual terms used in international trade. 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