INCOTERMS and its use in INTERNATIONAL BUSINESS

There different versions of INCOTERMS published by ICC / INTERNATIONAL CHAMBER OF COMMERCE. They are getting published since 1936 at a period of few years. After 1980, generally it is being published every decade.

In INCOTEM version 2000, there were 13 INCOTERM.

In revised version of 2010, there are 11 INCOTERMS; in a way that out of 13 INCOTERMS, total 4 were removed and new 2 were added and thus finally coming total 11 INCOTERM in version 2010.