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INCO: International Commercial Terms

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

Last modified: 12.08.2016

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