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It is an English abbreviation of the term “International Commercial Terms“, meaning “international sales conditions” (C.I.V. in French). The purpose of the incoterms is to provide a set of international rules for the interpretation of the most commonly used trade terms for foreign exchanges.

They result from a codification of the commercial transaction terms, set up by the International Chamber of Commerce. Each term is coded by three letters, associated to the place of delivery to which it applies.

Legend

Seller

Buyer

Goods

Means of transport
(icon representing any mode of transport and not only ground transport)

Customs formalities and security clearance

Rules for any mode or modes of transport

Rules for sea and inland waterway transport