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Incoterm

Glossary
Incoterm is an internationally recognized trade term that defines which party is responsible for the costs, risks and formalities associated with the transportation of goods.

Updated: 27/08/2026

The definitions presented in this section reflect the Belgian context, unless stated otherwise. The texts are intended to summarise the concepts in everyday language and should not be regarded as exhaustive or definitive. Suggestions or adjustments may always be sent to glossary@tcm.be.

Glossary
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