Incoterms

Why Should SMEs Care About Incoterms® Rules?

By Cyndee Todgham Cherniak on May 19, 2016

Posted in Cross-border deals, Cross-border trade, Customs Law, GST/HST, origin, tariff classification, valuation

Small and medium sized enterprises mistakenly accept costs and financial risk when they agree to Incoterms without considering the consequences. SMEs should care about Incoterms because mistakes can be costly – very costly.

What is an Incoterm? Answer: Incoterms is an abbreviation of the phrase International Commercial Terms. The Incoterms rules are a …

Cyndee Todgham Cherniak

Cyndee Todgham Cherniak is the founding lawyer of LexSage, a boutique international trade law and sales tax firm in Toronto, Ontario. She has practiced for…

Cyndee Todgham Cherniak is the founding lawyer of LexSage, a boutique international trade law and sales tax firm in Toronto, Ontario. She has practiced for almost 20 years at Canada’s top Bay Street law firms.

Su Ross

Su’s practice focuses on compliance whether dealing with cybersecurity/privacy or import/export. She deals with regulatory, civil and criminal issues. Her clients come to her for…

Su’s practice focuses on compliance whether dealing with cybersecurity/privacy or import/export. She deals with regulatory, civil and criminal issues. Her clients come to her for assistance to solve current challenges but also to identify and manage risk

Heather Innes

Heather is a strategic negotiator and effective business communicator having worked with governments, institutions and corporations in North America, Asia, the Middle East, South America…

Heather is a strategic negotiator and effective business communicator having worked with governments, institutions and corporations in North America, Asia, the Middle East, South America, Africa and Europe.

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Incoterms

Why Should SMEs Care About Incoterms® Rules?

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