ICC Rules for the Use of Domestic and International Trade Terms.
EXW I FCA I CPT I CIP I DAP I DPU DDP I FAS I FOB I CFR I CIF
The Incoterms® rules define important responsibilities of buyers and sellers for the delivery of goods under sales contracts. They are the authoritative rules for determining how costs and risks are allocated to the parties. Incoterms® rules are regularly incorporated into contracts for the sale of goods worldwide and have become part of the daily language of trade.
Incoterms® 2020 contains the ICC rules for use of thellIncoterms® trade terms. It takes into account the latest developments in commercial practice, and updates the rules to make them more accessible and easier to use. All sales contracts should make reference to the Incoterms® 2020 rules as the latest version of the Incoterms® rules.
ICC has been writing and publishing the Incoterms rules for more than 80 years, providing importers, exporters, lawyers, transporters, insurers and students in the international arena with rules and guidance reflecting the latest developments in the trading environment.
The International Chamber of Commerce (ICC) is the world's largest business organization representing more than 45 million companies in over 100 countries. ICC's core mission is to make business work for everyone, every day, everywhere. Through a unique mix of advocacy, solutions and standard setting, we promote international trade, responsible business conduct and a global approach to regulation, in addition to providing market-leading dispute resolution services. Our members include many of the world's leading companies, SMEs, business associations and local chambers of commerce.