
Incoterms are the rules developed by the International Chamber of Commerce to regulate international sales contracts and reflect the rules of voluntary acceptance. They establish the rights and obligations of buyer and seller in trade indicating the conditions of sale: delivery of goods, transmission of risks, distribution of expenses and customs formalities.
Delivery is made at the seller's premises or at another designated location when goods are made available to the buyer without being loaded onto the means of transport. The buyer assumes all risk from the seller's establishment to destination.