Incoterms stands for International commercial terms. Fifteen terms of sale accepted
worldwide in an assignment of costs and responsibilities between buyer and seller.
Basically, Incoterms are trade terms published by the International chamber of commerce(ICC),
and that is commonly used in both international and domestic trade contracts. Incoterms
basically intended to convey the assignments, expenses, and risks related to the
transportation and delivery of products. Incoterms in OpenERP support the business
worldwide and are only for information purposes that define international commercial
terms and it has no impact in different modules of OpenERP.