„Incoterms“
What does Incoterms stand for?
An abbreviation of “International Commercial Terms” published by the International Chamber of Commerce. It is a set of rules for the interpretation of the most commonly used trade terms in foreign trade which parties to a contract can agree upon to avoid misunderstandings, disputes and litigation.
Source:
Trade Agreements and PoliciesView all itemsBranch, A.E (2006), “Elements of Shipping”, 8th Edition, Routledge.