The INCOTERMS published by the International Chamber of Commerce (ICC) have long served the international community by offering a “shorthand” ...

Incoterms are standardized rules that describe the roles and responsibilities of each partner in a trade, regardless of nation, and they succinctly summarize what would otherwise be a verbose ...

INCOTERMS are performing in this era of lightning-fast tariff action as intended. They provide a tool for communicating party intent with respect to certain transaction costs.

Beyond Incoterms, several other aspects are crucial for smooth international logistics: Customs Regulations: Each country has its own customs procedures, duties, and potential restrictions.

Unless you’re a customs or logistics professional, you may not have focused on the Incoterms changes announced by the International Chamber of Commerce in early 2020. This post provides a handy ...

Incoterms were first established in 1936, and the current version—Incoterms 2020—has 11 terms. These are often identical in form to domestic terms, such as the American Uniform Commercial Code ...

Incoterms are m-ainly used in international contracts for the sale of goods to help buyers and sellers avoid misunderstandings by cle-arly identifying the obligations of each in respect of comm- ...

The new set of Incoterms was recently released on Sept. 10, and is set to take effect worldwide on Jan. 1, 2020. The changes will have a tremendous impact on the trade documentation and will have ...

Incoterms define the international shipping rules that delegate the responsibility of buyers and sellers. These terms are reviewed and updated once every decade. Examples of FOB Shipping Point and ...

The Center for Global Best Practices, in collaboration with the International Chamber of Commerce, will host a training program titled “Incoterms 2020: Revised International Rules in the ...