Incoterms Reference – Incoterms® 2020 Chart

We offer a downloadable Incoterms reference chart as a printable PDF or image, providing a concise overview of all 11 Incoterms. This graphic outlines the responsibilities of both buyers and sellers under each international shipping term. Be sure to check out our Incoterms Fundamentals Video Overview for a quick, straightforward explanation.

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The Importance of Incoterms in Global Trade

Incoterms, short for "International Commercial Terms," are critical for understanding the obligations and liabilities between buyers and sellers in cross-border transactions. These terms have been set by the International Chamber of Commerce (ICC) since 1936, with the latest update being the Incoterms® 2020 rules, effective from January 1, 2020.

Anyone involved in international commerce should be familiar with Incoterms. Some of the most widely used terms include Ex Works (EXW) and Free on Board (FOB), but it’s important to understand what each term means for buyers and sellers.

Why You Should Use an Incoterms Reference Chart

Incoterms play a key role in avoiding misunderstandings and disputes by clearly outlining responsibilities related to transportation, insurance, and customs duties. They not only clarify liability but also affect costs. Referring to an Incoterms Reference Chart ensures that all parties in a transaction understand their roles, contributing to smoother and more efficient global trade operations.

For additional information, visit the Supply Chain Shark portal at portal.supplychainshark.com, and always refer to the official Incoterms® 2020 rules published by the ICC.

Download the Incoterms 2020 Reference Chart today!