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 1. You are here:  
 2. Home
 3. Incoterms®


INCOTERMS® 2020

ICC’s 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. Incoterms® is a registered trademark of ICC to
protect the intellectual property rights contained in this resource. The
Incoterms® rules (International Commercial Terms) are a set of international
rules defining specific trade terms in foreign commerce. They state the
responsibilities of buyers and sellers, especially for cross-border
transactions, and provide the parties with an internationally consistent
interpretation of their obligations, thus helping to avoid misunderstandings and
litigation.

 


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. ICC has been
maintaining and developing them ever since. As ICC celebrated its Centenary in
2019, the world business organization announced the preparation and publication
of Incoterms® 2020, the newest edition of the Incoterms® rules.

 


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.

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 * News
 * ICC Switzerland
   * Who is ICC Switzerland
   * 100 Years ICC Switzerland
   * Board
   * Members
   * Membership
   * Member Registration
 * ICC International
   * News ICC Headquarters
 * Global issues
 * Commissions
   * Overview
   * Anti-Corruption & Corporate Responsibility
   * Arbitration & ADR
   * Banking
   * Commercial Law & Practice
   * Competition
   * Customs & Trade Facilitation
   * Digital Economy
   * Environment & Energy
   * Intellectual Property
   * Marketing & Advertising
   * Taxation
   * Trade & Investment Policy
 * Dispute Resolution Services
   * Overview
   * ICC International Court of Arbitration
   * 100 years ICC Court
   * Swiss Commission of Arbitration & ADR
   * ICC Dispute Resolution Library
 * World Chamber Federation
   * Overview
   * World Chamber Federation
 * ICC Academy
   * Overview
   * ICC Academy Courses
 * Shop ICC Publications
   * Publication Categories
   * List of Publications
   * Your Shopping Cart
   * Terms & Conditions
   * ICC Digital Library
 * Incoterms®
   * Incoterms® 2020
   * Trainings and Trainers
 * Free rules and codes
 * Events / Seminars
   * ICC Switzerland
   * Events by partner organisations
   * ICC International
 * Contact

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