Incoterms (International Commercial Terms) are internationally recognized rules created to harmonize the conditions of commercial transactions. They precisely define the rights, duties and responsibilities of importers and exporters, in particular with regard to :
Incoterms provide contractual clarity, enabling parties to agree quickly and unambiguously on the terms of a transaction.
It is important to note that Incoterms concern the transfer of risk, not the transfer of ownership of goods.
Since their creation in 1936, Incoterms have evolved, and the most recent version is Incoterms 2020, replacing the 2010 version.
Incoterms 2020 includes 11 international trade terms, 4 of which are specifically dedicated to sea and inland waterway transport:
The other 7 Incoterms can be used for all modes of transport, whether by land, sea or air:
The use of Incoterms ensures better management of international trade by providing a clear framework for the transfer of risks, the allocation of costs and responsibilities between parties. At WeCARE Global Logistics, we can support you in the application of Incoterms adapted to your needs, whether you are an exporter or importer.
At WeCARE Global Logistics, we offer flexible, responsive solutions tailored to your needs. From sea, air and road freight to logistics and customs: we’re here to support your international projects.
