What were the incoterms? What types of categories I have handled previously,

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Incoterms are international commercial terms that define the responsibilities of buyers and sellers in international trade transactions.

Incoterms are standardized terms used in international trade to clearly define the responsibilities of buyers and sellers regarding the delivery of goods.
There are different categories of incoterms such as EXW (Ex Works), FOB (Free on Board), CIF (Cost, Insurance, and Freight), etc.
Each incoterm specifies who is responsible for tasks such as transportation, insurance, customs clearance, and risk of loss.
Understanding incoterms is crucial for effective procurement and logistics management in international trade.
For example, if a company agrees to FOB shipping terms, the seller is responsible for delivering the goods to the port of shipment and loading them onto the vessel.

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