Incoterms® are the authoritative rules for determining how costs and risks are allocated to the parties; they guide individuals and companies participating in the import and export of global trade. These rules are regularly incorporated into contracts and have become part of the daily trade language between buyers and sellers. 

Don't get confused by Incoterm's terminology, and use the correct international commercial terms.

Crane Worldwide Logistics created an Incoterms® 2020 PDF chart to help better understand these changes.