2 min read
Posted
August 29, 2025
at 9:40 AM ADT
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Invest Nova Scotia’s Trade Market Intelligence (TMI) service helps Nova Scotia companies identify growth opportunities and access the market insights they need to succeed.
One of our latest market intelligence reports covers Incoterms® 2020, the globally recognized rules that outline the responsibilities of buyers and sellers in the shipment of goods.
Incoterms are the selling terms that the buyer and seller of goods agree to during international transactions. These rules are accepted by governments and legal authorities around the world. They clearly state which tasks, costs and risks are associated with the buyer and the seller. The International Chamber of Commerce (ICC) reviews and updates the terms every ten years with the newest set of Incoterms released in 2020.
Understanding Incoterms® can help you:
- Reduce risk
- Avoid costly confusion
- Protect your bottom line
This Guide provides a clear, practical overview of the Incoterms® 2020 rules to help Nova Scotia businesses trade with confidence at home and abroad.
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