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The Incoterms rules orInternational Commercial
terms are aseries ofpre-defined commercial terms
widely used ininternational commercial transactions.
The Incoterms rules are intended primarily
toclearly communicate the tasks, costs and risks
associated with the transportation and delivery
ofgoods. They are intended toreduce orremove
altogether uncertainties arising from different
interpretation ofthe rules indifferent countries.
First published in1936, the Incoterms rules have
been periodically updated in1953, 1967, 1976, 1980,
1990 and 2000, with the eighth versionIncoterms
2010having been published onJanuary1, 2011.