February 2, 2021
“Incoterms” is a short term for international commercial terms. These terms and conditions were first published in 1936 and are a set of 11 rules that define who is responsible for what happens during international transactions.
The Incoterms are an initiative of the International Chamber of Commerce (ICC) with the goal to make international commercial transactions easier. These are actually a set of rules recognized worldwide by both the Buyer and the Seller of the goods, requiring both parties to know what their obligations are and what to arrange. By using the Incoterms, you do not have to record all of these agreements separately in a purchase contract, as it is clear with one simple reference which party should do what.
In the Incoterms agreements, rights and obligations of the buyer and seller are laid down for the sale and transport of goods. Among other things, it is recorded who arranges the insurance, provides the transport and the point where the risks and costs transfer from seller to buyer. This differs per Incoterm and it is therefore important to see which one is most suitable in your situation.
Because they are known and accepted worldwide, from Austin to Zanzibar. They are a requirement for every commercial invoice and greatly reduce the risk of potentially expensive misunderstandings.
Incoterms describe all tasks, risks and costs associated with the transaction of goods from seller to buyer.
Our specialized employees take care of the customs documents of many different companies every day. We are also AEO certified. Contact us in case of questions!
The first ever ‘cargo only’ flight was recorded in November 1910 in the USA, using a Wright Model B aeroplane that flew 65 miles carrying a package of silk. The business owner used the pioneering transport more as a PR stunt to celebrate the opening of his store, with the bundle of silk cut into individual pieces and glued onto souvenir postcards.
Maurice Ward Ireland continues to strengthen its commitment to quality, compliance, and operational excellence through the successful renewal and achievement of important industry certifications.
From 1 July 2026, new EU legislation will implement new requirements for international transport operations using light commercial vehicles (LCVs) between 2.5 and 3.5 tonnes.
Our MW Türkiye team has been honored with the 2025 Digitalization Award for Türkiye origin shipments presented by Turkish Airlines.
