International trade involves many complexities, especially when it comes to shipping goods across borders. One of the key tools that businesses use to navigate these complexities is Incoterms. The 2020 update to these rules brought important changes that affect how buyers and sellers share responsibilities and costs. This post explains what Incoterms 2020 are, why they matter, and how they influence global trade. What Are Incoterms 2020? Incoterms, short for International Com