International commercial terms; that is, the language of international commerce.

Incoterms are a set of uniform rules codifying the interpretation of trade terms defining the rights and obligation of both buyer and seller in an international transaction, thereby enabling anotherwise complex basis for a sale contract to be accomplished in three letters. Incoterms are drafted by the International Chamber of Commerce.

internationally accepted terms concerning transport and insurance costs used in international trade contracts.

Set of international rules compiled by the International Chamber of Commerce for interpretation of predominant terms used in foreign trade contracts. See Incoterms 2000.

terms which specify the international conditions of sale. These contractual terms are standardised by the International Chamber of Commerce, and are used to establish the obligations of the seller and buyer in relation to the transportation chain.

Terms of international sales issued by the International Chamber of Commerce. J - L

Trade terms used worldwide to specify seller and buyer obligations in shipments against international sales contracts. These terms are adopted by the International Chamber of Commerce (ICC) for international movement of merchandise. Since they in themselves are not law, they must be specified if desired in quotations, sales contracts, purchase orders and commercial invoices.

International selling terms developed by the International Chamber of Commerce to define sellers' and buyers' responsibilities as clearly and precisely as possible.

Agreed rules which set out the delivery terms for goods which are traded internationally. They allow the buyer and seller to agree responsibilities for the carriage of the goods, customs clearance and a division of costs and risks. The current version of Incoterms, agreed in 2000, contains 13 terms. They are grouped into categories covering various modes of transport. See the Incoterms 2000 website for more information.

This refers to a set of international rules for the interpretation of TRADE TERMS.

The meanings of trade terms vary from country to country. To avoid confusion, standard terms called Incoterms have been developed by the International Chamber of Commerce to make the terms of sale clear and precise. Incoterm abbreviations (eg. EXW, FOB, CIF) are used to specify the division of obligations, costs and risks between buyer and seller during shipment of goods. View animation about "Incoterms" by clicking here.

The set of international standards for the uniform interpretation of common contract clauses in international trade. INCOTERMS 2000, formulated in concert with many international entities, comprises the latest revisions and should now be used exclusively.

A set of international standards for the uniform interpretation of common international trade contract clauses.

International business terms used throughout the world

Uniform rules for the interpretation of trade terms developed by the International Chamber of Commerce (ICC) used and recognised by buyers and sellers throughout the world.

A Set of internationally accepted, fully defined trading terms, devised by the ICC in order to minimize differences of interpretation of such terms, for use by any company, person, etc. When used in a Contract of Sale it normally is followed by the revision date to ensure the parties are aware of the correct edition (EG: FAS Rotterdam Incoterms 1995). Includes EXW, FAC, FAS, FOB, CFR, CIF, CPT, DAF, DES, DEQ, DDU, DDP.

a set of international terms defining conditions for delivery and shipping of equipment and materials.

A series of trade terms developed by the international community and published by the International Chamber of Commerce to standardise and simplify price and transport costs. These terms identify the responsibility and liability of the buyer and seller, for each delivery term. Note: Delivery terms will specify the destination or the place at which liability is handed over, e.g.. “FOB Singapore Incoterms”, “CIF Liverpool Incoterms” or “DDP Manchester Incoterms”.

International terms of sale developed by the International Chamber of Commerce to define sellers' and buyers' responsibilities.

International standard trade definitions developed and promoted by the ICC (International Chamber of Commerce) to facilitate international trade.

The recognized abbreviation for the International Chamber of Commerce Terms of Sale. These terms were last amended, effective July 1, 1990.

A codification of international rules for the uniform interpretation of common contract clauses in export/import transactions.

Shipping Terms - see "Introduction to International Trade.

A set of international rules for the interpretation of the common sales terms used in foreign trade associations and published by the International Chamber of Commerce in its 1980 Edition. This publication supersedes the "Revised American Foreign Trade Definitions - 1941," which was adopted by a Joint Committee of Chamber of Commerce of the U.S., the National Council of American Importers, Inc., and the National Foreign Trade Council, Inc.

A conglomerate of international rules, developed and issued by the ICC (International Chamber of Commerce) interpreting the major terms of delivery common in foreign trade contracts. In the incoterms the rights and the obligations of seller and buyer are defined with respect to: - party responsible for packing, transport insurance, transport, transport / customs documentation; - party which has to pay for the activities mentioned above; - transfer of the risk (i.e. at which point and time passes the risk from the seller over to the buyer). Examples of incoterms are: EXW ex works FCA free carrier FAS free alongside ship FOB free on board CFR cost and freight CIF cost, insurance and freight CPT carriage paid to CIP carriage and insurance paid to DAF delivered at frontier DES delivered ex ship DEC delivered ex quay (duty paid) DDU delivered duty unpaid DDP delivered duty paid.

INternational COmmercial TERMS of Sale — 11 Terms, INCOTERMS is Definition, Version is 2000, 2001, 2002

Incoterms are a set of trade terms compiled and adopted by the International Chamber of Commerce (ICC) in Paris for the contract of sale regarding the delivery of goods. The responsibilities of the buyers and sellers are clearly defined in Incoterms 2000. ICC Publication No. 560, Official Rules for the Interpretation of Trade Terms published in September 1999 became effective, January 1, 2000. The thirteen Incoterms are: EXW – EX WORKS (...named place) FCA – FREE CARRIER (...named place) FAS – FREE ALONGSIDE SHIP (...named port of shipment) FOB – FREE ON BOARD (...named port of shipment) CFR – COST AND FREIGHT (...named port of destination) CIF – COST, INSURANCE AND FREIGHT (...named port of shipment) CPT – CARRIAGE PAID TO (...named port of shipment) CIP – CARRIAGE AND INSURANCE PAID TO (...named port of shipment) DAF – DELIVERED AT FRONTIER (...named place) DES – DELIVERED EX SHIP (...named port of shipment) DEQ – DELIVERED EX QUAY (...named port of shipment) DDU – DELIVERED DUTY UNPAID (...named port of shipment) DDP – DELIVERED DUTY PAID (...named port of shipment) For more information on these terms, contact International Trade Services.

The Incoterms contain uniform regulations of essential buyer and seller obligations for the most important delivery contracts common in international trade. With the application of the Incoterms (International Commercial Terms), the contractual parties achieve an internationally uniform interpretation of certain obligations of buyer and seller. Independent of the industrial sector and cross-border, the required activities for the execution of an international sales contract are divided between buyer and seller according to the selected clause. This contractual regulation is necessary, because the laws of the various countries contain a comprehensive regulation in the least cases only and, above all, they differ substantially from country to country.

Abbreviation of INternational COmmercial TERMS: rules codifying the clauses of international trade. First published in 1936, they are updated regularly.

Trade terms in coded form as established by the International Chamber of Commerce in 1953, whereafter they have been regularly updated. (Last update 1990). The terms represent a set of international rules for the interpretation of the principal terms of delivery used in trade contracts.

International shipping terms devised by the International Chambers of Commerce, which are recognised by most major trading nations and were most recently updated in 2000.

Maintained by the International Chamber of Commerce (ICC), this codification of terms is used in foreign trade contracts to define which parties incur the costs and at what specific point the costs are incurred. (also see incoterm section) Back to top of screen

In 1936, the International Chamber of Commerce first published a set of international rules for the interpretation of trade terms. These rules became known as Incoterms. Amendments and additions have occurred in 1953, 1967, 1976, 1980, 1990 and 2000.→ Incoterms

A set of rules published by the International Chamber of Commerce which govern the respective obligations and responsibilities of the buyer and seller in foreign trade contracts.

A set of international rules for the uniform interpretation of common contract clauses in international trad.

The International Commercial Terms are international regulations which have been drawn up for the interpretation of supply clauses in international trade and commerce. They embrace the fundamental contractual obligations on the part of both the exporter and the importer, with particular reference to the transportation of goods and the transfer of costs and perils form the exporter to the importer. Two variations of this arrangement are CIF and FOB.

Trade terms, published by the International Chamber of Commerce (ICC), that are commonly used in international contracts.

An abbreviation of "International Commercial Terms" published by the International Chamber of Commerce. It is a set of rules for the interpretation of the most commonly used trade terms in foreign trade which parties to a contract can agree upon to avoid misunderstandings, disputes and litigation.

Incoterms are a uniform set of international rules, promulgated by the International Chamber of Commerce in Paris, for the interpretation of the terms most commonly used in international contracts for the sale of goods. Incoterms define the obligations of buyer and seller at every stage of an international sale of goods transaction. The Incoterms were first issued in 1953; they were last revised effective January 1, 2000.