The new Incoterms® 2010 rules 

Incoterms® 2010 were launched in mid-September 2010 and came into effect on 1 January 2011. 

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  "There is no organization better placed than ICC – the organization that created and maintains the Incoterms rules – to help traders learn how to apply the rules correctly to their global or domestic sales transactions."  

   Emily O'Connor
ICC Senior Policy Manager and Secretariat for the Drafting Group  

Incoterms® - International Commercial Terms 

The Incoterms® rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods. First published in 1936, Incoterms® rules provide internationally accepted definitions and rules of interpretation for most common commercial terms.

The rules have been developed and maintained by experts and practitioners brought together by ICC and have become the standard in international business rules setting. They help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. Incoterms® rules are recognized by UNCITRAL as the global standard for the interpretation of the most common terms in foreign trade.