Incoterm
noun [ C ]
(also INCOTERM); (INCO term); (incoterm) uk/ˈɪnkəʊtɜːm/ us COMMERCE
an expression from a list made by the International Chamber of Commerce that is used in the trade of goods from one country to another:
As an importer, you have to understand the costs, responsibilities, rights, and obligations that accompany the use of a specific INCOTERM.