What are Incoterms?
Since 1936, the Incoterms of the ICC, the International Chamber of Commerce, have regulated clearly and uniformly the worldwide rights and obligations between seller and buyer, or exporter and importer respectively. Although they do not possess status as laws, the Incoterms have facilitated their formulation and given both sides legal certainty. A revised version has been in force since 1 January 2011. We explain to you the most important changes and give you some handling tipps as well as more detailed information on some of the clauses. There is also an overview available for download.*
*(all data without engagement)