IncoTerms is a mandatory field especially when if the business involves overseas import or export and always will be used in Order, Proforma, Shipping documents and might be in Invoice also.
IncoTerms are pre-defined and is globally accepted so it should be kept as a master and should be able to pulled in the transactions documents
from wiki
The
Incoterms or
International Commercial Terms are a series of pre-defined commercial terms published by the
International Chamber of Commerce (ICC) relating to
international commercial law. They are widely used in international
commercial transactions or
procurement processes and their use is encouraged by trade councils, courts and international lawyers.
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