Incoterms
International commercial terms standardized by ICC defining responsibilities of buyer and seller in trade.
Detailed Explanation
Incoterms (International Commercial Terms) are standardized trade terms published by the International Chamber of Commerce (ICC), most recently updated as Incoterms 2020. They define which party is responsible for transportation costs, insurance, duties, and risk transfer at each stage. Common Incoterms for solar: EXW (ex works), FOB (free on board), CIF (cost+insurance+freight), DDP (delivered duty paid), FCA, CPT, DAP. Choosing the right Incoterm is critical β it determines your total landed cost.
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JUST SOLAR GROUP supplies solar modules globally with full documentation and flexible terms.
Related Terms
Incoterm where the seller delivers goods on board the vessel at the port of origin; buyer pays freight and insurance.
Incoterm where the seller pays cost, insurance and freight to the destination port; buyer handles customs clearance.
Incoterm where the seller handles all costs including duty, VAT, and final delivery; buyer does nothing.
Minimum quantity required to place an order; typically one 40HQ container (~430-460 kW) for Tier-1 factories.
OEM = factory makes your branded product; ODM = factory designs and builds based on your spec.