Incoterms is a short form of International Commercial Terms.
They are published by ICC’s Commercial Law and Practice Commission.
Current version of Incoterms is called Incoterms 2010 which has been in force since 01.January.2011.
Incoterms rules are published by ICC in order to define buyers and sellers obligations, costs and risks associated with the transportation and delivery of goods in a very clear way with a global scale.
Incoterms rules can only be applied to transactions in which tangible goods are bought or sold.
They are published by ICC’s Commercial Law and Practice Commission.
Current version of Incoterms is called Incoterms 2010 which has been in force since 01.January.2011.
Incoterms rules are published by ICC in order to define buyers and sellers obligations, costs and risks associated with the transportation and delivery of goods in a very clear way with a global scale.
Incoterms rules can only be applied to transactions in which tangible goods are bought or sold.