Incoterms (International Commercial Terms) are a set of terms established globally to clearly define who is responsible for what when trading goods, from when the goods leave the seller to when they arrive at the buyer’s final destination. Examples of incoterms include: EXW (Ex Works), FCA (Free Carrier), CPT (Carriage Paid To), CIP (Carriage and Insurance Paid To), DAP (Delivered at Place), DPU (Delivered at Place Unloaded), and DDP (Delivered Duty Paid).