Especially in foreign trade, reliable rules for cross-border business transactions are required. The International Commercial Terms (Incoterms) that were first issued in 1936 by the International Chamber of Commerce in Paris summarize the essential obligations for buyers and sellers on the delivery route of goods from the place of dispatch to their destination. These terms specify the buyers' and sellers' responsibilities with regard to procurement, assumption of costs, information obligations for goods and transport documents, customs, transport, packaging and insurance.
The eighth and current version of the Incoterms rules – Incoterms 2010 – came into effect on 1. January 2011. The CCI is part of the process of updating the incoterms on a regular basis and to adapt them to changed business custom, thus providing consulting services and expertise on the different meanings of the respective terms agreed upon in a sales agreement.