Defining Incoterms and freight terms

Use these instructions to define Incoterms and freight terms. You can then assign them to your customer and vendor records.

  1. Select System Administrator > Setup > Table Code Value.
  2. In the Table List field, select Freight Terms.
  3. Click New to update the list of freight terms used in the system.
  4. Specify the three-letter Incoterm or freight term.
  5. Specify the description (up to 24-characters) for the Incoterm or freight term.

    We recommend you use the official International Chamber of Commerce (ICC) description with the three-letter term, because this description displays in the Freight Terms list in associated modules. For example, use “Ex Works” as the description for the three-letter “EXW.”

  6. Click Save.
  7. In Extended, select the Bill Account Code and click Save.
  8. Repeat these steps until you have entered all of the Incoterms and freight terms you anticipate using.