Terms of delivery of INCOTERMS at the conclusion of a foreign economic contract

International commercial terms (Incoterms) is an international document, the relevance of which is the responsibility of the International Chamber of Commerce. The last update of the rules took place on January 1, 2020, it is this edition that all counterparties should refer to when concluding a foreign economic contract.
Simply put, Incoterms rules explain what is included in the price of the goods: the price for the goods only, or for the goods with delivery, loading, insurance, payment of customs duties, etc.
This text is being translated.
Publication date: 07/07/2022

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