Incoterms

International Chamber of Commerce rules defining buyer and seller responsibilities, cost and risk transfer in trade.

Examples

01Every purchase order states the Incoterms, such as FCA or DAP, so both sides know who pays freight and carries the risk.
02Logistics reviews Incoterms in all supplier contracts to ensure they match the company's transport strategy.
03Unclear Incoterms led to a dispute over a damaged shipment, so the contract template was updated.