ENGLISH

Incoterms® 2010

Book information

Publisher
Intl Chamber of Commerce
Year
2010
ISBN
9284200806, 9789284200801
Language
english
Format
PDF
Filesize
2 MB (1699630 bytes)
Edition
2010
Pages
130\130
Topic
Economy
Scanned
yes
Time added
2014-08-18 16:41:07

Description

Implementation Date: January 1, 2011 The first Incoterms rules were released in 1936 by the International Chamber of Commerce. They caused a sensation in the business world given that they represented a radically new concept in an industry regulated by local rules of law. ICC s Incoterms help traders avoid misunderstandings by clarifying the costs, risks, and the allocation of certain responsibilities of buyers and sellers in contracts for the sale of goods. International trade becomes more and more complex. Therefore, universally used rules are essential to avoid misunderstandings and costly disputes. Regularly incorporated into sales contracts worldwide, Incoterms® rules define the responsibilities of sellers and buyers for the delivery of goods. Incoterms® 2010 continues a 70-year ICC tradition and reflects the latest developments in commercial practice and updates, and consolidates some of the former rules.

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