Main Features of Changes in Incoterms 2010

International business transactions have a great importance for the companies that are dealing with importation and exportation. Nowadays, physical borders between countries disappear and companies are engaged in international business like a domestic business. However, it should be noted that, international business transactions have some particular rules and instruments. Recognition of these particular rules and instruments will protect companies, against potential losses and risks. The concept of Incoterms could be explained as international commercial terms, and these terms are revised in certain periods by International Chamber of Commerce. They are presented to the use of companies who are dealing with import and export operations. Finally, the terms are updated as Incoterms 2010 and have been used by companies since first of January 2011. In this study, the historical development of the terms has been investigated in detail and contemporary applications of Incoterms 2010 examined. Furthermore, the causes of the revisions have been researched and the consequences of the amendments have been evaluated. On the other hand, opinions on the subject have been given in the section of conclusions and recommendations.