Business Term Status
The Business Term is currently waiting approval by the Data Governance Committee.
Subdomain
🏢STRUCTURE FOR PURCHASING
Business Term Definition
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. |
Roles
Data Sources, Type and Classification
SAP, WBP |
Reference Data |
Internal Data |
Related Business Terms
| Business Term | Description | Link |
|---|---|---|
| Incoterm Part 1 and Part 2 | 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. | Incoterm Part 1 and Part 2 |