The International Commercial Terms or Incoterms are the standard trading definitions most commonly used in international trade agreements. These pre-defined commercial terms are published by the International Chamber of Commerce (ICC), and are indented to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods.

 The most commonly used incoterms are:

- FOB (Free on Board)
- EXW (Ex Works)
- CIF (Cost, Insurance & Freight)
- DAP (Delivered at Place)
- DAT (Delivered at Terminal)

There are a total of 13 Incoterms. You can visit the International Chamber of Commerce website for more information about the Incoterms.


Download: Overview of Incoterms


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