To improve this aspect of int’l trade, the International Chamber of Commerce (ICC) in Paris developed INCOTERMS (International Commercial TERMS), a set of uniform rules for the interpretation of int’l commercial terms defining the costs, risks, and obligations of buyers & sellers in int’l transactions. First published in 1936, these rules have been periodically revised to account for changing modes of transport & document delivery. The current version is Incoterms 2010