Incoterms 2022 Chart for Global Freight

What Are Incoterms?

Incoterms, or International Commerce Terms, are rules and regulations set forth by the International Chamber of Commerce. Incoterms are used frequently in trade contracts, both international and domestic. Buyers, sellers and shippers of goods use Incoterms to determine who will be responsible for certain charges during the transportation process. These terms are usually agreed upon between the buyer and seller of the goods who then employ their freight forwarder or customs broker to assist in the process.