Incoterms

The Incoterms® rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods. First published in 1936, Incoterms® rules provide internationally accepted definitions and rules of interpretation for most common commercial terms.

The rules have been developed and maintained by experts and practitioners brought together by ICC and have become the standard in international business rules setting. They help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. Incoterms® rules are recognized by UNCITRAL as the global standard for the interpretation of the most common terms in foreign trade.

Please note that all contracts made under INCOTERMS®  2000 remain valid even after 2011.  Moreover, although we recommend using Incoterms® 2010 after 2011, parties to a contract for the sale of goods can agree to choose any version of the Incoterms rules after 2011. It is important however to clearly specify the chosen version INCOTERMS® 2010, INCOTERMS® 2000 or any earlier version.

 

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CONTEXT CLUES

Using examples or illustrations, an author tries to show what a word means. A writer may give just one example or several. Remember that these examples are not synonyms. Look for words or phrases like "such as," "including," or "consists of." Colons (:) and dashes (-) can also signal examples.
The river was full of noxious materials such as cleaning agents from factories and pesticides from the nearby farms.
This third grade was full of precocious children. One child had learned to read at two and another could do algebra at age 6.
When going to an office party you should show your best decorum, for example, dress your best, drink and eat moderately, and be sure to thank the host before you leave.

1. cubbyhole

I have always lived in cubbyholes. After moving away from home, my first apartment was just a cubbyhole in a large building. It was no more that 8' by 12' and had a bed in one corner. My second was no more that a large walk-in closet. My current one is about 10 feet long by 12 feet wide, but it at least has two rooms.

1. cubbyhole

I have always lived in cubbyholes. After moving away from home, my first apartment was just a cubbyhole in a large building. It was no more that 8' by 12' and had a bed in one corner. My second was no more that a large walk-in closet. My current one is about 10 feet long by 12 feet wide, but it at least has two rooms.

2. scuzzy

The floors of the restaurant were extremely scuzzy. They were covered with spilled grease, crumbs of food, and cigarette butts.

scuzzy

The floors of the restaurant were extremely scuzzy. They were covered with spilled grease, crumbs of food, and cigarette butts.

3. remunerated

The contractor was always well remunerated for his work. For example, he received $10,000 for a small addition to a house and last year he was received $5,000 for reconstructing a stairway.

remunerated

The contractor was always well remunerated for his work. For example, he received $10,000 for a small addition to a house and last year he was received $5,000 for reconstructing a stairway.

4. breeches

The department store carries a variety of breeches, for example they carried Levis, Wranglers, and even some plain unlabeled brands made of cotton.

breeches

The department store carries a variety of breeches, for example they carried Levis, Wranglers, and even some plain unlabeled brands made of cotton.

5. bauble

Josie received a bauble for Christmas from her great aunt. This she put with her others, a pair of imitation earrings, a fake emerald pendant, and a ring that looked like a ruby.

bauble

Josie received a bauble for Christmas from her great aunt. This she put with her others, a pair of imitation earrings, a fake emerald pendant, and a ring that looked like a ruby.