Defining responsibility during international goods transportation
Incoterms® is a registered trademark of the International Chamber of Commerce. The descriptions of the Incoterms® regulations are not definitive, but they are our interpretation. If you are using Incoterms® in your transactions you should purchase the latest edition of the Incoterms® regulations. More on Incoterms®
What are Incoterms®?
International Commercial Terms, or Incoterms, are a set of internationally recognised terms that clarify the responsibilities of the buyer and seller when goods are being transported.
It's for these reasons that the International Chamber of Commerce issues its Incoterms®, or International Commercial Terms.
This is a series of internationally-recognised terms that are used to clarify the duties and the responsibilities of both seller and buyer in regards to the goods being transported. There are currently 11 Incoterms.
Each Incoterm® is a three-letter abbreviation (see below). Incoterms® should be used in any international sales contract as they make clear:
- Whether the exporter or importer is responsible for organising and paying for delivery;
- Where delivery actually takes place;
- At which point the risks associated with the delivery pass from the exporter to the importer.
Get in touch
To discuss your unique banking needs, please call SolutionsLine on:
0345 900 0652
Relay UK Service: 18001 0345 900 0652
For more information on accessibility visit: https://www.rbs.co.uk/business/accessibility.html
Calls may be recorded for training and monitoring purposes.
To see how much your call might cost, visit the
Please contact your relationship manager.