Incoterms 2020

- Incoterms (International Commercial Terms) are composed by the International Chamber of Commerce on the interpretation of trade terms.
- The rules apply internationally as well as in domestic trade and explain the distribution of risk and costs between the seller and the buyer for the sale of goods
- Incoterms are standardized conditions of sale and apply exclusively to the relationship between buyer and seller. The agreement between the freight forwarder and the client is regulated by the transport contract.