Incoterms (international commercial terms) provide a universal
set of rules and guidelines that help facilitate international
trade. Incoterms rules provide specific guidance to individuals
participating in the import and export of global trade and they are
is widely used for international sales contracts.
This widespread use is due to the fact that Incoterms fix
important legal and commercial issues of the actual execution of
the foreign trade contracts of purchase and transaction; including
the moment and place of performance of duties, transfer of risks,
etc. Incoterms prevent confusion in foreign trade contracts by
clarifying the obligations of buyers and sellers.
To identify and interpret the basic terms of delivery, one need
to refer to the relevant provisions of the corresponding edition of
Incoterms. Consequently, the rules of Incoterms will be valid if
there is a corresponding clause in the contract. If the terms of
Incoterms and the contract do not match,
