The Belgian Freight
Forwarding Association


What are Incoterms (International Commercial Terms - Delivery Terms)?

Incoterms are the uniform rules to define the rights and obligations of both the buyer and seller. They have been drawn up by the ICC (International Chamber of Commerce). These rules mainly determine the division of costs between the buyer and seller and the moment of transfer of responsibility for the goods. In this way, uncertainties and diverse interpretations of these terms in the different countries can be avoided or at least significantly reduced.

Schematic overview Incoterms 2020