Incoterms
/ˈɪn.kəʊˌtɜːrmz/
Definitions
- (n.) Standardized international commercial terms published by the International Chamber of Commerce that define responsibilities of buyers and sellers in cross-border trade.
The contract specifies the delivery terms according to Incoterms 2020.
Forms
- incoterm
Related terms
See also
Commentary
Incoterms clarify allocation of costs, risks, and obligations but do not govern title transfer or contract formation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.