A set of internationally standardized trade terms, published by the International Chamber of Commerce (ICC), that define the responsibilities, costs, and risk transfer between buyer and seller in export/import transactions (e.g. FOB, CIF, EXW).
A set of internationally standardized trade terms, published by the International Chamber of Commerce (ICC), that define the responsibilities, costs, and risk transfer between buyer and seller in export/import transactions (e.g. FOB, CIF, EXW).