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International contract terms are essential components in export-import procedures as they define the rights, obligations, and responsibilities of buyers and sellers in cross-border trade. One of the most commonly used frameworks is the Incoterms, published by the International Chamber of Commerce (ICC). Incoterms specify the point at which risk, cost, and responsibility transfer from the seller to the buyer. Terms like EXW (Ex _________ ____ ______ ________ ________ ____ ___ ____.
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