This report examines the use of Incoterms in business relationships in international platforms. The incoterms are the common terms that are used to make the shipment and transportation context in global business, more accessible. Companies that are involved in international business prefer to use the common terms for shipment dealings rather than the local counterparts. This gives the whole process clarity and accessibility. The report highlights the value of these incoterms and their implications in companies. The advantages and disadvantages of using some specific incoterms are also discussed in this report.