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Future Internet PPP Use Case Project

Future Internet PPP

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Incoterms



Incoterms are international agreements on for the international transport of goods. The first Incoterms date back to as early as 1932. Incoterms are formulated and published by the International Chamber of Commerce. Incoterms are updated periodically by the Chamber based on the changing nature of international transport operations. The latest update to the Incoterms occurred in 2010 when the older 2000 version was simplified.
The English text version of the Incoterms is the original and official version of the Incoterms. This version of the Incoterms has been adopted by the United Nations Commission on International Trade Law (UNCITRAL). Certified translations in multiple languages are available from the national Chambers of Commerce.
Figure following shows, in a simplified manner, how tasks and responsibilities are split between consignee and consignor (buyer and seller) in an international trading activity. The different Incoterms are explained in greater detail in the section that follows this figure.


(Source: Universit├Ąt Duisburg-Essen)

See Incoterms in detail

Last change: 2011-11-11

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