A Reference Guide of Current Transportation Terminology

International Commercial Terms (‘Incoterms’) are internationally recognised standard trade terms used in sales contracts.

They’re used to make sure buyer and seller know:

Who is responsible for the cost of transporting the goods, including insurance, taxes and duties

Where the goods should be picked up from and transported to

Who is responsible for the goods at each step during transportation

For more information about  the Incoterms® rules can be found at: www.iccwbo.org