Incoterms 2000
The United Nations trade law agency has recommended worldwide use of Incoterms 2000, ICC's standard trade definitions, in international trade transactions (Paris, 18 July 2000). The terms, precisely defining the responsibilities of buyer and seller in international transactions, are recognized as the international standard by customs authorities and courts in all the main trading nations. Incoterms have been updated six times since they were first published in 1936. The UN Commission on International Trade Law (UNCITRAL) commended the latest revision of Incoterms as "a valuable contribution to the facilitation of international trade".
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