Incoterms are a uniform set of international rules, promulgated by the International Chamber of Commerce in Paris, for the interpretation of the terms most commonly used in international contracts for the sale of goods. Incoterms define the obligations of buyer and seller at every stage of an international sale of goods transaction. The Incoterms were first issued in 1953; they were last revised effective January 1, 2000.
www.giagroup.com/terms-of-trade-i.cfm

Maintained by the International Chamber of Commerce (ICC), this codification of terms is used in foreign trade contracts to define which parties incur the costs and at what specific point the costs are incurred.
www.asmara.com/terminology.htm

International commercial terms; that is, the language of international commerce.
www-personal.umich.edu/~alandear/glossary/i.html

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when were incoterms last revised

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