Incoterms® represent a global standard on how responsibilities, costs and risks are shared in international trade.
Incoterms® are globally recognized standardized rules for the distribution of obligations, costs, and risks in the international movement of goods. They specify which contractual partners are responsible for organizing transportation, loading and unloading, transportation insurance, various costs, and import and export clearance. The most important regulatory content, however, is the complexity of the transfer of risk with regard to accidental loss, accidental damage, or other deterioration of the goods.
Valid from 01.01.2020 in replacement of Incoterms® 2010