Incoterms

When generating quotes, clearly specifying logistics and shipping responsibilities is critical. Handify allows you to define the Incoterms that align with your company's operations and policies.

Incoterms are the globally recognized trade terms published by the International Chamber of Commerce (ICC). They outline obligations like:

• Which party (seller or buyer) is responsible for paying transportation costs.

• At what point the risk of loss/damage transfers from seller to buyer.

• Who handles import/export clearance procedures.

• Liability for insurance during shipping

From the Settings > Quotes area, go to the "Incoterms options" section. Here you can enable the specific Incoterm codes your organization uses for both domestic and international shipping scenarios.

Common Incoterm options include:

• EXW (Ex Works)

• FCA (Free Carrier)

• CPT (Carriage Paid To)

• CIP (Carriage and Insurance Paid To)

• DDP (Delivered Duty Paid)

You can allow setting Incoterms at the product level, having it default from the company settings, or allowing overrides per quote.

Having Incoterms properly configured eliminates any confusion or misunderstandings over shipping logistics. It ensures quotes/orders accurately account for all costs and responsibilities.

I'd recommend initially setting up your most frequently used Incoterms. You can always enable additional options as new requirements arise.