Incoterms 2020 changes : New Version Defined

2020-01-09T17:20:08+00:00January 7th, 2020|Brexit, Trade Law|

I n September 2019, the International Chamber of Commerce, a body regulating traffic across countries, finally announced Incoterms 2020. The reason behind the introduction of a new set of rules is likely to be the minimisation of disputes, which might more often arise from the changes in trade practices and regulations — for instance, Brexit. Well-known trade [...]

Understanding Incoterms 2010

2019-10-23T10:12:25+00:00February 9th, 2019|Trade Law|

Incoterms 2010 has become an essential part of the daily language of the trade, but are importers and exporters really confident about incorporating an Incoterm in their contract for the sale of goods worldwide? Just a few, I would say. In my experience, I have seen many trade operators using an inappropriate trade term just [...]