The official rules of the International Chamber of Commerce (ICC) regarding how to define trade terms.

The ICC in Paris developed the INternational COmmercial TERMS (INCOTERMS) as a uniform set of rules that are used to help define costs, risks and obligations of buyers and sellers in international trade.

The abbreviations for Incoterms 2000 include the following:

  • EXW: Ex Works
  • FCA: Free Carrier
  • FAS: Free Alongside Ship
  • FOB: Free On Board
  • CFR: Cost and Freight
  • CIF: Cost, Insurance and Freight
  • CPT: Carriage Paid To
  • CIP: Carriage and Insurance Paid To
  • DAF: Delivered at Frontier
  • DES: Delivered Ex Ship
  • DEQ: Delivered Ex Quay
  • DDU: Delivered Duty Unpaid
  • DDP: Delivered Duty Paid