Don’t make the mistake of assuming Incoterms define anything other than the terms of delivery. For example, Incoterms do not cover:
- The transfer of property rights in the goods.
- Relief from obligations and exemptions from liability in case of unexpected or unforeseen events.
- Consequences of various breaches of contract, except those relating to the passing of risks and costs when the buyer is in breach of their obligations to accept the goods.