provide a set of international rules, published by the international
Chamber of Commerce (ICC), for the interpretation of the most commonly
used trade terms. INCOTERMS help to clarify responsibilities between
buyer and seller engaging in foreign trade. The Sales Contract should
Incorporate INCOTERMS 2000, in addition to further defining the exact
terms of sales agreement.
2000 (the most recent version), groups terms into four different categories:
E - Departure: goods available to buyer on seller's own premises.
F - Main Carriage Unpaid: seller to deliver goods to a carrier
appointed by the buyer.
C - Main Carriage Paid: seller contracts for carriage, but does
not assume risk of loss of or damage to goods or additional cost due
to events occurring after shipment and dispatch.
D - Arrival: seller has to bear all costs and risks needed to
bring the goods to the country of destination