top of page

ICC’s world renowned Incoterms® rules facilitate trillions of dollars in global trade each year.

What are Incoterms® rules?

The Incoterms® rules are the world’s essential terms of trade for the sale of goods. Whether you are filing a purchase order, packaging and labelling a shipment for freight transport, or preparing a certificate of origin at a port, the Incoterms® rules are there to guide you. The Incoterms® rules provide specific guidance to individuals participating in the import and export of global trade on a daily basis.

Who publishes the Incoterms® rules?

Since its founding in 1919, ICC has been committed to the facilitation of international trade.

Different practices and legal interpretations between traders around the world necessitated a common set of rules and guidelines. As a response, ICC published the first Incoterms® rules in 1936. We have been maintaining and developing them ever since.

As ICC celebrates its Centenary in 2019, the world business organization is pleased to announce the publication of Incoterms® 2020. The newest edition of the Incoterms® rules will help prepare business for the next century of global trade.

Where can I buy Incoterms®2020 and related products?

Incoterms® 2020 is available on ICC’s new e-commerce platform ICC Knowledge 2 Go in both print and digital formats.

The 2020 edition is available in no fewer than 29 languages — from Estonian and German to Pashto and Spanish. Check with the ICC local representative in your country for further information.

More than 250 launch events and training seminars are also being organised worldwide by ICC national committees. What’s more, there is even an online course and certificate programme available from our educational arm, the ICC Academy.

Why use Incoterms® rules in international trade?

Although other clauses for global trade exist around the world, such as the Harmonised Tariff Schedule of the United States, Incoterms® rules are global in their reach. Similarly, Incoterms® rules do not include trade terms codified for national purposes, such as the “less than truckload shipping” (LTL) rule of the United States. Unlike national trade policies, Incoterms® rules are universal, providing clarity and predictability to business.

What doesIncoterms®” stand for?

“Incoterms®” is an acronym standing for international commercial terms. “Incoterms®” is a trademark of International Chamber of Commerce, registered in several countries.

The Incoterms® rules feature abbreviations for terms, like FOB (“Free on Board”), DAP (“Delivered at Place”) EXW (“Ex Works”), CIP (“Carriage and Insurance Paid To”), which all have very precise meanings for the sale of goods around the world.

These terms hold universal meaning for buyers and sellers around the world. If you are a financial analyst in the City of London, then you might associate the acronym “FCA” with the United Kingdom’s Financial Conduct Authority. However, for importers and exporters around the world, FCA are the initials used for “Free Carrier,” or the seller’s obligation to deliver the goods to the carrier nominated by the buyer at the seller’s premises or another named place.


Recent Posts

See All

中国进口工业盐所需的资料和流程

工业盐在工业生产中扮演着重要的角色,它是许多化学反应的必要原料。然而,进口工业盐需要在海关进行一系列的清关操作。本文将详细介绍工业盐进口清关所需的资料和操作流程,以及需要注意的事项。 一、工业盐进口清关所需资料 收发货人备案号:在进行工业盐进口之前,收发货人需要向所在地的检验检疫部门进行备案,并获得备案号。 工业用标签标签:工业盐的包装上需要贴上用于标识产品名称、规格、商标、等级、生产厂家和本标准

All about Cigar

The Top 25 Cigars of 2023 BEST BUYS OF 2023 Cigar Shapes, Sizes And Colors 10 Things Every Cigar Smoker Should Know

Comments


bottom of page