The Incoterms® rules define the obligations of buyers and sellers in the delivery of goods and thus simplify sales contracts. They precisely regulate the distribution of the transfer of costs and risks between the parties. They were developed by the International Chamber of Commerce (ICC) and are updated regularly. The current version is Incoterms® 2020. Our information sheet outlines the transfer of costs and risks and provides information on the main differences to Incoterms® 2010.