Incoterms are a set of international trade rules, published by the International Chamber of Commerce, and widely applied in global business transactions. Movexa highlights their importance as these terms are officially recognized by governments, legal authorities, and professionals around the world for the interpretation of commonly used trade expressions.

They help reduce or eliminate uncertainties that may arise from different interpretations in various countries. For any specific term, “Yes” means the seller is responsible for providing the service included in the cost, while “No” indicates that the responsibility lies with the buyer.