Incoterms 2010

From Supply Chain Management Encyclopedia

The Incoterms® 2010 rules are the International Chamber of Commerce (ICC) rules for the use of domestic and international trade terms. Historically, beginning from 1936, different editions and revisions of Incoterms have been carried out to update the rules in accordance with current international trade practices and technological changes (namely, Incoterms versions of 1953, 1967, 1976, 1980, 1990, and 2000 were in use before the present version - Incoterms® 2010.