The word is formed with the first letters of International Commerce Terms.
They are issued by the International Chamber of Commerce.
Uses Son International, in which Mexico was part Conventions.

The goal of the INCOTERMS is to provide international rules for the interpretation of trade terms used in foreign trade, so as to prevent misunderstandings that cause different interpretations

INCOTERMS are the primary purpose of Define obligations of delivery of the goods and risk sharing for each of the parties, such as:

Obligations of the Seller to place the goods at willingness of the buyer at a particular point the transport

  • Insurance of the goods.
  • The Packaging and Packaging
  • Of the customs formalities and expenses (Export-Import).
  • From the loading and unloading.
  • The inspection of goods.
  • Notification from seller to buyer.