First published by ICC in 1936, Incoterms® rules provide internationally accepted definitions and rules of interpretation for most common commercial terms used in contracts for the sale of goods.
The Incoterms® rules are a globally-recognised set of standards, used worldwide in international and domestic contracts for the delivery of goods.
The rules have been developed and maintained by experts and practitioners brought together by ICC. They have become the standard in international business rules setting. The trade terms help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. The Incoterms® rules are recognised by UNCITRAL as the global standard for the interpretation of the most common terms in foreign trade.
Launched in September 2019, Incoterms® 2020 will come into effect on 1 January 2020. Please note that all contracts made under Incoterms® 2000 and any other previous editions remain valid and parties to a contract for the sale of goods can agree to choose any version of the Incoterms® rules. However, we recommend using the most current version of the rules, Incoterms® 2020. Nevertheless, it is important to clearly specify the chosen version.
ICC’s world renowned Incoterms© rules facilitate trillions of dollars in global trade each year. Learn more about the official launch of Incoterms® 2020. +
The Incoterms® rules have been incorporated in contracts for the sale of goods worldwide and provide rules and guidance to importers, exporters, lawyers, transporters, insurers and students of international trade. +
Incoterms® rules history
We journey through 80 years of milestones for the commercial trade terms that have transformed the global trade industry. +
Incoterms® rules in action
What are the Incoterms® rules and why are they essential to the delivery of goods worldwide? Explore their usage through the eyes of our champions of trade and other key insights regarding our globally-renowned commercial terms. +
Incoterms® rules trademark & copyright policy
While ICC encourages the use by third parties of the Incoterms® Rules in sales contracts, it is vigilant about protecting its trademark and copyright ownership to help ensure the integrity and correct use of the Rules. +
Global Incoterms® 2020 training & events
After the launch of Incoterms® 2020, there will be a host of launch events and seminars occurring across the world. Join our training and events to learn more about the newest edition of the Incoterms® rules. +