The assignment focuses on C03 global sourcing decisions- Incoterms in international trade. So, discuss the use of Incoterms in international trade. At a minimum, address aspects such as the value Incoterms bring to an agreement, the advantages or disadvantages of using a specific Incoterm.

C03 global sourcing decisions- Incoterms in international trade

•C03: Categorize issues and concerns in global sourcing decisions.  Prompt: Discuss the use of Incoterms in international trade. At a minimum, address aspects such as the value Incoterms bring to an agreement.  The advantages or disadvantages of using a specific Incoterm, and what companies need to know when using Incoterms. Instructions: •Label your Word document as follows: your last name.doc (ex: Johnson.docx). Write a 1,000 word APA formatted paper on the use of Incoterms in international trade .•All charts, graphs, pictures are to go in the appendix (not a substitute for content) •Make sure you use three to five credible and reliable resources; format in APA •Refrain from excessive use of quotes in your response (less than 5%).Intermodal transport plays a great role in international trade.

C03 global sourcing decisions- Incoterms in international trade

It is important to understand that the International Chamber of Commerce(ICC) formulated terms used in international trade called ”incoterms” Incoterms or International Commercial Terms are descriptions of terms of delivery of goods between seller/exporter and buyer/importer. The ICC responsible for the interpretation of the delivery terms used in foreign trade contracts between seller and buyer. They provide the parameters of responsibilities between seller and buyer. Since transportation is vital in international trade it is necessary to know incoterms which are used when moving goods from seller to buyer including use of intermodal transport.

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