The Incoterms (International Commercial Terms) 2020 describes and interprets the meaning of 11 basic terms used in international sales contracts to clarify the tasks, costs and risks involved in the delivery of goods from buyers to sellers. Published by the International Chamber of Commerce (ICC).
The Incoterms are intended to be used as international commercial terms where there is an international sale of goods (ie across national boundaries), although they are also used for sales within domestic markets.