Incoterms are trade terms. At present Incoterm 2000 is applicable, whereas ICC(International Chamber of Commerce) has set out Incoterm 2010, which will be in effect from 2011. For more information on Incoterm 2010 i have cited two links below, which is very informative.
http://www.skymartworldwide.com/incoterms-2009.html
http://www.steelguru.com/international_news/Incoterms_2010_to_come_into_effect_January_1_2011/178508.html
Abu Naser Bablu
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