INCOTERMS (Abbreviation of International Commercial Terms) are predefined delivery terms. They are widely used in international commodity business and provide a common understanding between the Importer (Buyer) and Exporter (seller) to communicate the responsibilities, risks, and costs associated with transportation, insurance, documentation, delivery of goods, customs clearance, and other logistical activities.

The last edition of Incoterms was officially published in 2020, documented in Paris, France, and made available by the International Chamber of Commerce (ICC) as a book and a digital publication. The ICC releases these terms in comprehensive guides that detail each term’s implications and guidelines for international trade practices. These publications are intended primarily for legal, shipping, and contracting spheres globally, rather than as magazine articles.

The presented document is a brief article about the main delivery terms.