Incoterms

The Incoterms rules or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that are widely used in International commercial transactions or procurement processes.​​​​​​​

Delivery terms Incoterms 2010

In modern transport systems goods are not always inspected at points where the risk is transferred according to Incoterms 2010. To avoid dispute in cases where loss or damage has incurred along the transport chain, it is advisable to agree to terms and delivery where one party bears the risk for the goods during the entire transport.​

When making an agreement based on Incoterms, it is advisable to state the terms of delivery agreed in the contract of sale and commercial invoices e.g. "FOB Gothenburg, Incoterms 2010". This prevents problems with interpretation which may arise in countries that have their own definitions of delivery terms. If recommends the use of Incoterms for international shipments and strongly advises against forming own delivery terms.

Incoterms 2010

​​​​​​​​​​​​​​​​Incoterms 2000​