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Incoterms (International Commercial Terms) are a set of 11 internationally recognized rules published by the International Chamber of Commerce (ICC). They define the responsibilities of sellers and buyers for the delivery of goods under sales contracts.
The 2020 version is the latest revision, effective from January 1, 2020. These terms clarify:
Choosing the right Incoterm is crucial for international trade as it affects costs, risks, and responsibilities for both parties. Our AI-powered calculator helps you select the most appropriate term based on your specific situation.