ICC Incoterms Rules

Helpful terms: IncotermsIncotermsInternational trade terms that define the named handover place and how cost, risk, freight control, insurance, export handling, and import responsibility are split between buyer and seller., FOBFOBFree On Board usually means the seller handles export and loading on board at the named origin port, while the buyer controls main freight, insurance, destination charges, import clearance, and inland delivery., CIFCIFCost, Insurance and Freight means the seller pays freight and minimum insurance to the named destination port, while many arrival, import, and inland costs remain buyer-side.