Incoterms
The standard trade terms published by the International Chamber of Commerce that define who is responsible for costs, risk and paperwork at each step of an international shipment.
Incoterms are three-letter codes (FOB, CIF, DDP and eight others) that buyers and sellers put in contracts so there is no argument about where responsibility moves from seller to buyer. They cover costs, risk and tasks such as export clearance and insurance. They do not cover payment or ownership transfer. The current edition is Incoterms 2020.