INCOTERMS

Incoterms are a set of International rules for the interpretation of commonly used trade terms, eliminating or reducing the uncertainties of different interpretations of these terms in different countries.

Incoterms 2000 contain 13 rules for standardized global trade, defining the most important responsibilities of buyers and sellers in International sales contracts. The specification of Incoterms 2000 on all contracts allow buyers and sellers to ensure the new Incoterms are being applied and clearly identify source of reference for the definition.

Variations in local Trades, ports and customs are possible. For detailed interpretation of these terms please refer directly to the International Chamber of Commerce at www.iccwbo.org.