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Incoterms are standard trade definitions most commonly used in international sales contracts. Devised and published by the International Chamber of Commerce, they are at the heart of world trade.

ICC introduced the first version of Incoterms - short for "International Commercial Terms" - in 1936. Since then, ICC expert lawyers and trade practitioners have updated them six times to keep pace with the development of international trade. Common ones in use are CIF, FOB, etc

For a list of the incoterms, click on the 2nd link

2007-08-10 00:16:50 · answer #1 · answered by Sandy 7 · 0 0

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