Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various stages of the transaction.

Sep 1, 2025 · Incoterms®, short for International Commercial Terms, are rules published by the International Chamber of Commerce (ICC). They define responsibilities, costs, and risks in …

Oct 29, 2025 · What Are Incoterms? Incoterms, short for International Commercial Terms, are globally recognized trade rules published by the International Chamber of Commerce (ICC).

Incoterms, widely-used terms of sale, are a set of 11 internationally recognized rules which define the responsibilities of sellers and buyers. Incoterms specify who is responsible for paying for …

The introduction in the most recent version explains the purpose and use of the Incoterms® rules, identifies differences between Incoterms® 2010 and Incoterms® 2020.

Oct 8, 2023 · The 2020 Incoterms, updated from the 2010 Incoterms, are a set of international trade terms that define the responsibilities and obligations of buyers and sellers when shipping …

Jan 24, 2025 · The Incoterms® rules are a globally recognized set of shipping standards used in contracts to spell out who’s responsible for what—things like costs, risks, customs formalities, …

INCOTERMS are a set of three-letter standard trade terms most commonly used in international contracts for the sale of goods. First published in 1936, INCOTERMS provide internationally …

Dec 23, 2025 · Incoterms, short for International Commerce Terms, represent a standardized set of terminology universally recognized in the field of freight forwarding. Established by the …

Expert guide to all 11 Incoterms 2020 rules. Understand EXW, FOB, CIF, DAP, DDP and more with practical examples for import/export.