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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. [1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...
FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
Download QR code; Print/export Download as PDF; Printable version; ... Pages in category "Incoterms" The following 4 pages are in this category, out of 4 total.
Incoterms inform sales contract by defining respective obligations, costs, and risks involved in the delivery of goods from seller to buyer. Incoterms 2010, the 8th revision, refers to the newest collection of essential international commercial and trade terms with 11 rules. Incoterm 2010 was effective on and from January 1, 2011.
The Principles of International Commercial Contracts 2016 (most frequently referred to as the UNIDROIT Principles and often also referred to as PICC) is a set of 211 rules for international contracts.
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The latest (July 2007) revision of UCP is the sixth revision of the rules since they were first promulgated in 1933. It replaced UCP 500, [3] and was the outcome of more than three years of work by the ICC's Commission on Banking Technique and Practice.
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