Discuss the Use of Incoterms in International Trade

Discuss the use of Incoterms in international trade. 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. Information from the International Chamber of Commerce about the newest Incoterms 2020 is available at their site: Which Incoterms rule should I use?