What Is “INCOTERMS” in an Export Invoice? A Must-Know for Exportersbr br ✍️ Description:br INCOTERMS (International Commercial Terms) in an export invoice define the responsibilities of the buyer and seller in global trade. They clarify who pays for shipping, insurance, and customs — and where the risk transfers during shipment. Learn how INCOTERMS like FOB, CIF, and DDP affect pricing, logistics, and legal obligations in your export documentation.