Incoterms 2020 rules are the official international commercial terms published by the International Chamber of Commerce. They are the globally-accepted guide for determining the responsibilities of buyers and sellers for the delivery of goods under international sales contracts.
It doesn't matter if you are new to international trade or have years of experience. Selecting the right Incoterm rule can feel a bit overwhelming, because using the wrong term could mean you are liable for transportation and other fees you hadn’t built into the price of your goods.
Download this Incoterms® 2020 Rules: Chart of Responsibilities and Transfer of Risk, so you can quickly identify which fees and potential liabilities you face under each of the 11 trade terms. You can use this information to help you negotiate the proper term with the importer or exporter and to make sure the price you negotiate for the goods takes into account all your responsibilities for their delivery.