Incoterms clause

Quelle: https://iccwbo.org/resources-for-business/incoterms/

A contractual clause in a sales agreement that specifies the applicable Incoterms rule and thereby determines the allocation of risks, costs and responsibilities between seller and buyer, including the transfer of risk and the assignment of tasks such as transport, insurance and customs clearance.

Related Terms

You might also be interested in these terms

ICC Incoterms®

The ICC Incoterms® (International Commercial Terms) are a set of internationally recognized trade terms published by the International Chamber of Comm...

Learn more

Incoterms KPI

A metric used to assess how effectively Incoterms rules are applied in a transaction, typically by comparing the actual costs, risks, and responsibili...

Learn more

Incoterms SAP

Incoterms SAP refers to the Incoterms rules as implemented and used within the SAP software ecosystem to define responsibilities, costs, and risk tran...

Learn more

Incoterms penalty clause

A contractual penalty clause tied to obligations under the Incoterms, imposing a penalty for failure to comply with or timely perform duties such as d...

Learn more

Rail Incoterms

A group of Incoterms applicable to freight transport by rail. They specify which party bears risk, costs, and obligations for the goods during shippin...

Learn more

Individual Incoterms clause

A contractually agreed supplementary clause that lies outside the standard Incoterms and modifies or supplements their rules.

Learn more

⚖️ ICC Incoterms 2020

Incoterms 2020 Simulator: Who bears costs & risk?

Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.

Incoterms Simulator →