Back to Glossary

Incoterms

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z

Incoterms are the rules that determine the rights and obligations between the buyer and the seller in the shipping processes that take place during the export and import stages. The latest version of incoterms determined by the ICC and revised periodically is incoterms 2020. Incoterms contain 11 different modes of transport, and they are divided into two main groups "Rules for all modes of transport" and "Rules for sea and inland waterway transport."