What is the meaning of Incoterms?

Trade terms used worldwide to specify seller and buyer obligations in shipments against international sales contracts. These terms are adopted by the International Chamber of Commerce (ICC) for international movement of merchandise. Since they in themselves are not law, they must be specified if desired in quotations, sales contracts, purchase orders and commercial invoices.

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APABarry Goldsmith. (2010). incoterms. Retrieved September 20, 2026, from http://smartdefine.org/incoterms/definitions/1155904
ChicagoBarry Goldsmith. 2010. "incoterms" http://smartdefine.org/incoterms/definitions/1155904 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, incoterms, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/incoterms/definitions/1155904>.
MLABarry Goldsmith. "incoterms" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/incoterms/definitions/1155904>