International Commercial Terms (Incoterms).International trade terms were first published in 1936.These 11 trade terms explain the responsibilities of each trade entity in the practice of international trade.

Why are international trade terms so important?

As they are known and recognized by people from different cultures and regions in the world, these terms have been widely used in both the prosperous city of Austen and the remote island of Zanzibar.International trade terms ensure the consistency of relevant information on commercial invoices, which greatly reduces the risk of potential transaction misunderstanding and reduces its losses.

What do international trade terms cover?

Incoterms cover all tasks, risks and expenses involved in the sale of goods from the seller to the buyer.