Incoterms® rules are a set of standards recognised and used all over the world to facilitate the delivery of goods
Governed and maintained by the International Chamber of Commerce (ICC) the terms provide a common language under which vendors, buyers and freight services can understand costs, risks and liability for product at each step in its journey. Incoterms® are a vital part of international trade and anyone importing or exporting should make themselves familiar with at least the basics.
The chances are, if you’re shipping internationally, you’re using Incoterms® – sometimes without even knowing it – but do you know your DPU from your DAP and your DDP? Your FAS from your FOB?
Help is at hand
International Trade Matters Ltd provides training and resources on Incoterms® for all types of business function, from senior management to despatch, sales and procurement.
For an introduction to Incoterms®, take a look at this webinar by International Trade Specialist Frances Fawcett:
Regular training courses on Incoterms® are delivered by International Trade Matters specialists, often as part of BCC accredited modules via participating Chambers of Commerce, or can be delivered as part of a training package for your company or a group of businesses. Visit the training calendar to find the latest dates or contact us to find out more.
Download your very own copy of the International Trade Matters Ltd Incoterms® graphics in a handy chart! Please note: These illustrations provide a simplified overview of Incoterms 2020. They’re not intended to be used without reference to the Incoterms 2020 rules as published by the International Chamber of Commerce.
And if you’re getting lost in all of the terms and acronyms, or need a quick reference, don’t forget to download our Jargonbuster!