By the end of this PPT our colleagues are
expected to be able to :
• Mention history of INCO Terms.
• Mention the Importance of INCO- Terms
2010.
• Identify the Inco terms 2010 different
terms and its applications.
4
The purpose of
Incoterms is, as stated by ICC “to provide a set of
international rules for the interpretation of the most commonly used trade terms in foreign trade. Thus, the uncertainties of different interpretations of such terms
in different countries can be avoided or at least reduced to a considerable degree