What is Incoterms location in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: Incoterms location

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A geographical location harbor name, railway station name, transfer-cargo-terminal name, and so on that is entered in conjunction with an Incoterm to uniquely identify the point from which the division of costs and transfer of risks are assumed between two commercial parties purchaser and seller.

Smart SAP Assistant

• Key Concepts: 
  Incoterms location is a term used in the LOD-ESO Sourcing OnDemand component of SAP. It is a set of rules that define the responsibilities of buyers and sellers in international trade transactions. The Incoterms location defines who is responsible for the costs and risks associated with the delivery of goods from one party to another. 
  
  How to use it: 
  The Incoterms location is used to determine who is responsible for the costs and risks associated with the delivery of goods from one party to another. The Incoterms location can be used to determine who is responsible for paying taxes, duties, and other fees associated with the delivery of goods. It can also be used to determine who is responsible for insurance, freight, and other costs associated with the delivery of goods. 
  
  Tips & Tricks: 
  When using the Incoterms location, it is important to understand the different types of Incoterms and their implications. It is also important to understand how different Incoterms can affect the cost and risk associated with a transaction. Additionally, it is important to understand how different Incoterms can affect the timing of a transaction. 
  
  Related Information: 
  For more information on Incoterms location, please refer to the official website of the International Chamber of Commerce (ICC). Additionally, there are many resources available online that provide detailed information on Incoterms and their implications.