incoterms

The Incoterms (abbreviation of International commercial terms) rules were developed by the International Chamber of Commerce to facilitate international trade and for the interpretation of the trade terms that the parties to a contract of sale could agree to apply..

Incoterms were first introduced in 1936 and were revised in 1957, 1967, 1976, 1980, 1990, 2000 and 2010 to accommodate changes as global trade developed and evolved..

Currently, in its 8th version, the Incoterms rules have become an internationally recognized and accepted standard and are used worldwide in international and domestic contracts for the sale of goods and have become an essential part of the day-to-day international trade and domestic trade..

The rules have been developed and maintained by experts and practitioners brought together by the ICC.. Launched in mid-September 2010, Incoterms 2010 came into effect on 1 January 2011 and is the latest version till it will be replaced by Incoterms 2020 on 25th September of 2019..

Incoterms help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers and has become the trademark used to designate the rules devised by the ICC..
source: wikipedia
(اینکوترمز)