The new Incoterms 2010 rules, entering into force on 1 January 2011, include a number of changes to keep pace with the development of international trade, including:-
Extensive guidance notes explaining the fundamentals of each Incoterms rule, such as when it should be used; when risk passes; and how costs are allocated between buyer and seller
New classifications to help choose the most suitable rule in relation to the mode of transport
Advice for the use of electronic procedures
Provisions for the allocation of obligations related to security-related clearances for shipments
Updated provisions in relation to insurance taking into account the revision of the Institute of Cargo Clauses
Enhanced usability for domestic trade.
The Incoterms 2010 Wallchart ICC's popular support tool, is a full colour, poster-sized flow chart outlining the responsibilities of buyer and seller under each of the 11 Incoterms.
.jpg?1680780797)
