Incoterms

Incoterms (International Commercial Terms) are a set of standardized international rules and regulations for international trade transactions. These terms define the responsibilities of buyers and sellers for the delivery of goods within the framework of international commercial transactions.  

Incoterms include things like who is responsible for costs such as insurance, freight, and customs duties, as well as which party is responsible for loading and unloading of goods, and where the risk of loss and damage of goods shifts from one party to another.