Because of the complexity of Incoterms®, especially in organizations with intricate supply chains involving numerous vendors and buyers, the risk to an organization’s legal compliance becomes a great issue.  One must consider the Customs formalities and other regulations in foreign countries. For example, some countries require the exporter of record to have a tax registered ID.  If you thought doing taxes in your own country was hard enough; think about doing them in another country you don’t reside in!  One must really consider what is at hand when selling or buying.

Sometimes being in more control when buying may not be the answer! Sometimes leaving all the control on the seller is not the answer!

Scarbrough has prepared and conducted customized training in-person and online for companies of all sizes.

We help make your job easier by communicating which Incoterms® your organization prefers your contractors, buyers and sales organization to sell or buy on.  If you are interested in contracting Scarbrough Consulting, Inc to create a scope of work for you or talk to someone in your organization, please email ktaylor@scarbrough-intl.com.