Incoterms are contract specifications outlining who bears the costs and risks of international transactions; they are subject to change at the discretion of the ICC. Because of the legal and logistical intricacies of international shipping, the ICC seeks to simplify matters for businesses by standardizing its terms. Notably, 2020 Incoterms revision is available for purchase direct from the site. Delivered Duty Unpaid (DDU) was actually not included in the most recent (2010) edition of the Int...

Incoterms are contract specifications outlining who bears the costs and risks of international transactions; they are subject to change at the discretion of the ICC. Because of the legal and logistical intricacies of international shipping, the ICC seeks to simplify matters for businesses by standardizing its terms. Notably, 2020 Incoterms revision is available for purchase direct from the site. Delivered Duty Unpaid (DDU) was actually not included in the most recent (2010) edition of the Int...