Incoterms (International Commercial Terms)

1. Overview

International Commercial Terms (‘Incoterms’) are internationally recognised standard trade terms used in sales contracts. They’re used to make sure buyer and seller know:

  • who is responsible for the cost of transporting the goods, including insurance, taxes and duties
  • where the goods should be picked up from and transported to
  • who is responsible for the goods at each step during transportation

The current set of Incoterms is Incoterms 2010. A copy of the full terms is available from the International Chamber of Commerce.

Help and advice

Contact the UK Trade & Investment enquiry line for help and advice on Incoterms.

UK Trade & Investment enquiry line
020 7215 5000
Find out about call charges

Incoterms apply to both national and international sales.


Author: MixoBiz

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