IncoTerms 2020 Explained 820x480

Incoterms, 2010 as a International Shipping Documents (pdf)

Incoterms means ‘International Commercial Terms’. It is the official document
approved by the International Chamber of Commerce containing rules for the
interpretation of international trade terms. Reference to Incoterms 2010 in a contract,
even without incorporating the full wording text, bind the parties to their
respective obligations as defined in the specific term (i.e. CIF (cost, insurance, and
freight), FOB (Free on board), EXW (Ex works), etc.).26 The first set of international
rules for the interpretation of trade terms was published in 1936, Incoterms 1936 Amendments
and additions were later made in 1953, 1967, 1976, 1980,
1990, 2000, and 2010.

View More Incoterms, 2010 as a International Shipping Documents (pdf)