An Incoterm meaning ‘delivered at terminal’, such as a nominated port or destination. The seller pays for carriage to the terminal, and assumes all risks up to the point of delivery. The buyer has to arrange and pay for import duty and transport to the final destination. See also Incoterms.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.