Flexport
Anmeldung
DE

Glossary

Incoterms

Tags: Glossary

Incoterms are an agreement between the seller and the buyer, defining who arranges for the payment and handling of goods.

Flexport

What are incoterms?

Incoterms are terms of sale that define who arranges for the payment and handling of the goods during shipping, from the moment the goods leave the seller’s door, up until their arrival at the buyer’s final destination.

“Incoterms” is shorthand for “International Commercial Terms” as defined by the International Chamber of Commerce.

Incoterms are an agreement between the seller and the buyer. *It is ultimately up to the buyer and the seller to agree on each party's responsibility of cost and risk before the shipment begins. *

For more information about incoterms, see A Quick Guide to Incoterms.


Learn More

Related Help Articles

A Quick Guide to Incoterms

What are Common Incoterms for US Export Shipments?

Related Glossary Terms

Importer of Record

Bill of Lading (BOL or B/L)

Resources

Incoterms Explained

Share the Article

More From Flexport

arrowImage

Sind Sie bereit, mit Flexport zu starten?

Registrieren Sie sich für Neuigkeiten des Frachtmarktes

Sign Up for Freight Market Updates

Get weekly insights into all things freight, delivered right to your inbox.

I agree to the storing and processing of my personal data by Flexport as described in the Terms of Service and Privacy Policy.