INCOTERMS (INternational COmmercial TERMS) is designed as a convenient reference to Critical Points in the international transportation system. INCOTERMS represent a set of international rules for the interpretation of international commercial terms defining the risks, costs and responsibilities of buyers and sellers in international transactions.
The current version is INCOTERMS 2020.
Above information is intended as a guide only. Please consult one of our specialists to ensure you are using the proper terms in your transactions.