Incoterms contractual reference

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

The term denotes the contractual reference to the applicable Incoterms (e.g., Incoterms 2020) within a sales or purchase contract, establishing the rights and obligations as well as the allocation of costs and the point of risk transfer between the parties.

Related Terms

You might also be interested in these terms

Incoterms contract reference

A contract reference that specifies which Incoterms rules (and potentially which version) apply to the purchase/delivery contract. The Incoterms contr...

Learn more

Incoterms contractual gap

A gap in Incoterms terms is an ambiguity about who bears responsibility for certain costs, risks, or obligations under the Incoterms, leading to misun...

Learn more

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 contractual controlling

Incoterms contractual controlling refers to the monitoring, management, and compliance of the contractual delivery and performance conditions defined ...

Learn more

Incoterms contractual component

A clause or reference in the sales or procurement contract that incorporates the chosen Incoterms rules (as published by the ICC) and thereby defines ...

Learn more

Incoterms sales contract

In international trade, Incoterms in a sales contract allocate the obligations, costs and risks between the seller and the buyer. The chosen Incoterms...

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 →