Business Term Status
The Business Term is currently awaiting approval by the Data Governance Committee.
Subdomain
🏢STRUCTURE FOR PURCHASING
Business Term Definition
Incoterm parts 1 are the three-letter trade terms stated by the International Chamber of Commerce (ICC); Incoterm parts 2 are the named place of delivery or destination related to the trade terms, standard texts are enforced.
Roles
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Data Sources, Type and Classification
SAP, WBP
Reference Data
Internal Data
Related Business Terms
| Business Term | Description | Link |
|---|---|---|
| Incoterm | Incoterms or international commercial terms are a series of predefined commercial terms published by the International Chamber of Commerce (ICC). They specify respective obligations, costs, and risks involved in the delivery of goods from the seller to the buyer. | Incoterm |