1. Home
  2. >
  3. Knowledge Base
  4. >
  5. Trade
  6. >
  7. Incoterms

What are Incoterms?

International Commercial Terms, or Incoterms, are a set of 11 global trade rules established by the International Chamber of Commerce (ICC) that define the responsibilities of sellers and buyers for the international sale of goods.

Updates every ten years by the ICC, Incoterms are recognized by trade bodies, courts, and lawyers and serve as a universal language for defining sales agreements. Incoterms specify which party (seller or buyer) are responsible for costs, tasks, and risks associated with international transportation and delivery of goods.

The 11 Incoterms are divided into two categories based on the mode of transport for the sold goods. Seven of the terms apply to any mode of transportation, while the other four only apply to sea, land, or inland waterway transport.

The 7 Incoterms 2020 rules for any mode(s) of transport:

***The DPU Incoterms replaces the old DAT

The 4 Incoterms 2020 rules for Sea and Inland Waterway transport:

Need help? Reach out to one of our experts to make sure you don’t miss any important documents in the import process.


Need more support? If you did not find what you were looking for, contact us for further help!

Contact Us