Incoterms

Standard trade definitions used in international sales contract.

Incoterms or international commercial terms are a series of international sales terms that are widely used throughout the world. They are used to divide transaction costs and responsibilities between buyer and seller and reflect state-of-the-art transportation practices

Overview Incoterms www.iccwbo.org/incoterms/id3040/index.html

Source: International Chamber of Commerce

www.iccwbo.org