How INCOTERMS strengthen risk management in maritime operations

Maritime transport is the backbone of global trade, but also one of the areas with the greatest exposure to risk. From cargo damage to port delays, conflicts can escalate if contractual responsibilities are not clearly defined.

This is where INCOTERMS become an indispensable tool. By specifying who assumes costs, insurance, procedures, and delivery, these rules allow for pre-management of operational and legal risks.

For example:

• In FOB, the risk is transferred to the buyer once the cargo is on board the vessel.

• In CIF, the seller retains responsibility until insurance and freight are arranged.

• In DDP, the seller assumes all risks until the goods reach their final destination.

At Dragón de Fuego, we integrate INCOTERMS analysis into our preventive audits and maritime legal advisory services, ensuring that each contract correctly reflects the obligations and limits of each party.

Understanding INCOTERMS not only prevents disputes, but also strengthens the legal and operational security of companies involved in international trade.