Incoterms

Incoterms®

Chart of Responsibility 

Promulgated by the International Chamber of Commerce, Incoterms are the set of international standards for the uniform interpretation of common contract clauses in international trade. Incoterms® 2010, comprises the latest revisions and should now be used exclusively.

Incoterms® stands for “International Commercial Terms” and are internationally recognized terms of agreement for buying and selling goods across the globe.  Incoterms® are agreed upon between the seller and buyer in regards to when the risk and responsibility of the goods and transport are transferred. Incoterms® are not law nor binding.  They are only used as a guidance guide and represent different ways international shipments are bought and sold.

When buying goods or importing into the United States, we recommend E or F Terms.  When selling goods or exporting out of the United States, we recommend C Terms.

Rules of Thumb

  • The party responsible for transport arrangement and payment of transportation charges is in control of the cargo
  • The more responsibility the party has, the more control they have

Incoterms

Download Chart of Responsibility (PDF)

 

Request a Hard Copy

To request a cardstock hard copy or talk to someone about your Incoterms®, please email our team at insidesales@scarbrough-intl.com.

On Demand Training

 

 


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