Guide

International Commercial Contracts - Incoterms

Introduction

This guide explains the basics principles of International Commercial Terms (Incoterms), and how traders can use them in buyer or seller contracts to make clear who is responsible for the goods at each point of the transport process. The guide also explains the benefits of using Incoterms and what each Incoterm means for the buyer and seller, as well as offering sources of further help and advice for traders.

The latest set of Incoterms, known as Incoterms 2010, came into force on 1 January 2011.