Tag: International Chamber of Commerce (ICC)

What on earth do we mean when we say “Incoterms?”

The International Commercial Terms or Incoterms are pre-defined commercial terms published by the International Chamber of Commerce (ICC). These terms are generally used internationally in commercial transactions or Procurement processes. These rules are accepted by governments and legal authorities worldwide for the interpretation of the most commonly used terms in international trade. Incoterms were created… Read more »