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.