The Incoterms® are classified into four main categories: E (departure), F (main carriage unpaid), C (main carriage paid), and D (arrival). This classification system facilitates clear communication and understanding in international trade transactions.

No, Incoterms® are updated every 10 years to reflect the changing global trade landscape. The most recent version is Incoterms® 2020.

No, Incoterms must be specifically incorporated into a contract between buyer and seller.

No, Incoterms aren’t a substitute for shipment documentation such as bills of lading. They provide additional information to determine which party assumes the risk when transporting goods.