Incoterms define in the purchase contract which party bears transportation risk, when risk transfers to the buyer, and how costs (freight, insurance, customs clearance) are divided.
Source: https://iccwbo.org/resources-for-business/incoterms/
Matching tools and partners
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.