Incoterms

The Incoterms ® are a set of trade/trade rules used by the International Chamber of Commerce (ICC) in international sales contracts. The Incoterms are not binding rules – to obtain…

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What are Incoterms?

Incoterms are rules for international trade that have been developed by the International Chamber of Commerce. These rules are used in international sales contracts. The term Incoterms, comes from "international…

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CIF Incoterms

What does CIF mean in international trade? CIF stands for Cost Insurance and Freight. It is included in Incoterms® 2020 and one of the most important terms to ever be…

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Air freight Incoterms 2020

Airfreight Incoterms Incoterms is short for international commercial terms that are reference all over the world when doing cross border trade. These terms define the liabilities, responsibilities and cost allocation…

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2020 Incoterms DAP

What is DAP in Incoterms? DAP stands for Delivered at Place. This Incoterm can be used for shipments moving on any mode of transport. On sales contracts the named place…

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Incoterms: Frequently Asked Questions

In this article we look at all the frequently asked questions about Incoterms. You may also like our comprehensive article and relevant diagrams explaining the 2020 version of the terms…

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Delivery In Incoterms

The term "delivery" has an important definition when it comes to Incoterms and logistics. This is the point where risk transfers to the buyer from the seller. This is also…

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Shipping CIP Incoterms 2020

CIP Incoterms 2020 : A Few Quick Points Carriage and Insurance Paid To (CIP) Incoterms can be used for all modes of transport and even when there are multiple modes…

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Incoterms 2020 Introduction For Traders

What are Incoterms® 2020? Incoterms is short for international commercial terms. These were first published by the International Chamber of Commerce (ICC) in 1936. The ICC publishes updates to the…

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