What are the INCOTERMS in the international trading , I want to know them in easy way ?

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"INCOTERMS" is in fact, an abbreviation of the expression " International Trade Terms". The main purpose of the "INCOTERMS" are to avoid conflicts and difficulties, between importers and exporters (buyers and sellers), as they must have a common understanding of the terms and conditions under which they are trade. In their contract they are determining the obligations of their both sides by using “INCOTERMS ”, which is defined as:

"Series of standard trade definitions, published by the International Chamber of Commerce (ICC ), which are widely used and accepted in both the international as well as the domestic commercial transactions to determined the responsibilities, obligations and related costs between the buyer and seller in addition to reflect state-of-the-art transportation practices to the sales contracts".

"INCOTERMES”, are also deal with the documentation required for global trade, specifying which party is responsible for which documents, determining the paperwork required to move a shipment, that is in fact an important job especially when requirements are vary so much globally between different countries.

Moreover, “INCOTERMS” are recognized by the United Nations Commission on International Trade and Law (UNCITRAL), as a global standard for Interpretation of the most common terms in foreign trade.

"INCOTERMS” have become an essential part of the day – to- day Trade Language,  been incorporated in all sales contracts of goods worldwide, providing rules and guidance to buyers, sellers, importers, exporters, lawyers, transporters, insurers, bankers as well as students of international trade.

The latest publication which is formally published under the ICC publication number ()E and which is actually in force since January1st,, mainly determined how costs, risks and other obligations are allocated to each of the both parties under the sale’s contract (the seller and the buyer), especially during the  transportation or regarding the delivery of goods and It is classified the terms into two main groups briefly as follows:

I- Delivery by any means of transportation (sea,air,road,rail) transport:

EXW: EX work.

FCA: Free Carrier.

CPT: Carriage Paid To.

CIP: Carriage & Insurance Paid To.

DAT: Delivery At Terminal.

DAP: Delivery At Place.

DDP: Delivery Duty Paid.

II- Deliver By (sea / inland waterway) transport:

FAS: Free Alongside Ship.

Fob: Free on Board.

CFR: Cost & Freight.

CIF: Cost, Insurance & Freight.

Thank you for the invitation

I already do not have enough information on this subject and I resorted to one of the sites, so if there were some mistakes

Is a set of terms for international trade

  The Incoterms

Used in sales contracts as a shortcut to illustrate the minimum obligations that are committed by the parties to the contract of sale. For example, who will be obliged to make transport and / or insurance arrangements. It also specifies when the responsibility for the risk of lost or damaged goods will be transferred from the seller to the buyer. The expenses to be borne by each Party, for example, the cost of transportation. And not only when the goods are delivered from the seller to the buyer. All in accordance with each condition, in an easy and accessible manner and in a logical and practical manner