Incoterms^® Help Guides

Incoterm^® Resources Available to Download:

• Aries Incoterms 2020 PowerPoint Presentation (22 pages, PDF)
• Aries Incoterms 2020 Quick Reference Guide (PDF) see thumbnails
  
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  • Bar view with descriptions

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What is Incoterms?

• An abbreviation for International Commercial Terms
• A series of pre-defined commercial terms
• Published by the International Chamber of Commerce (ICC)

Incoterms History

• First edition released in 1936
  
• Incoterms reflect business-to-business practices in contracts for buying and selling goods

Purpose

• Define key aspects of sales contracts
• Clarify obligations, risks, and costs
• Highlight where seller and buyer responsibilities shift during transport

Is there an Incoterms 2026?

• Incoterms® are updated by the International Chamber of Commerce (ICC) about every 10 years to reflect the changing landscape of global trade.  

What's the Latest Incoterms?

• The latest version is Incoterms 2020, published in 2019 and effective in 2020, which replaced the 2010 edition. The next version should be 2030.