TRADE TERMS

The goods sold under this contract shall be delivered under the following Incoterms® rule:
[Insert chosen Incoterm rule: e.g., FCA, CIF, DAP, etc.] [Insert named place or destination as required by the chosen rule] Incoterms® [Insert Year, e.g., 2020].

The allocation of costs, risks, and responsibilities between the Seller and Buyer regarding delivery, insurance, export/import duties, transportation, unloading, and other relevant obligations shall be governed by the above Incoterm as defined by the International Chamber of Commerce (ICC) Incoterms® [Year].

The chosen Incoterms® rule, as referenced above, shall be interpreted in accordance with the edition published by the ICC in [Insert Year, e.g., Incoterms® 2020], unless otherwise expressly agreed between the parties

Any matters not expressly regulated by the specified Incoterms® rule or the present contract shall be governed by the applicable laws and regulations.

The parties must specify the exact place or port as required by the selected Incoterm (e.g., “FOB Shanghai Port Incoterms® 2020”).

The contract should state the precise version of Incoterms® to avoid ambiguity, as rights and obligations may change between versions

Additional commercial terms (e.g., payment, title transfer, dispute resolution) should be addressed separately, as Incoterms® do not cover all elements of a sale.