Meaning of the word incoterm in English
What does incoterm mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
incoterm
US /ˈɪŋ.koʊ.tɜːrm/
UK /ˈɪnkəʊtɜːm/
Noun
a set of internationally recognized rules published by the International Chamber of Commerce (ICC) that define the responsibilities of sellers and buyers for the delivery of goods under sales contracts
Example:
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The shipping terms were specified using the latest Incoterm rules.
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Understanding the correct Incoterm is crucial for international trade.
Synonym: