Chapter 5 International Trade Terms
Meaning of trade termsRole of international trade termsInternational trade usagesA guide to Incoterms

Meaning of international trade terms
Definition: trade terms (price terms/delivery terms) are an important component of a unit price in international trade, standing for specific obligations of the buyer and the seller.They are abbreviations used to indicate the formation of the unit price and determine the responsibilities, expenses and risks borne by two p ...