Incoterms

/ ˈɪnkəʊˌtɜːmz /

noun

1. a glossary of terms used in international commerce and trade, published by the International Chamber of Commerce

Example Sentences

And it is essential to bone up on Incoterms, the internationally standardized system that defines when a product passes from the exporter’s possession to the importer’s and who has to pay for what part of shipping.

From New York Times