ICC Rules for the use of domestic and international trade terms: INCOTERMS 2020
The use of trade terms in sales contracts, especially international sales contracts, is customary and very common since it contributes to the acceleration of business transactions, concurrently increasing their certainty and predictability. The ICC Rules for the use of domestic and international tra...
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Faculty of Law, Niš
2021
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oai:doaj.org-article:088b53c46d634dc9addc9660082cd22e2021-12-05T21:40:11ZICC Rules for the use of domestic and international trade terms: INCOTERMS 20200350-85012560-311610.5937/zrpfn0-33249https://doaj.org/article/088b53c46d634dc9addc9660082cd22e2021-01-01T00:00:00Zhttps://scindeks-clanci.ceon.rs/data/pdf/0350-8501/2021/0350-85012191031F.pdfhttps://doaj.org/toc/0350-8501https://doaj.org/toc/2560-3116The use of trade terms in sales contracts, especially international sales contracts, is customary and very common since it contributes to the acceleration of business transactions, concurrently increasing their certainty and predictability. The ICC Rules for the use of domestic and international trade terms -INCOTERMS 2020 have been in effective use since 1 January 2020. Their goal is to enable the development of global trade in an easier, more effective and safer manner. In this paper, the author analyses the development, importance and legal nature of INCOTERMS, with special reference to its current 2020 revision and particular focus on the seller's obligation to deliver the goods and risk transfer from the seller to the buyer.Fišer-Šobot SandraFaculty of Law, Nišarticlecontract for the international sale of goodstrade termsincotermsdelivery of the goodstransfer of riskLawKENSRZbornik Radova Pravnog Fakulteta u Nišu, Vol 60, Iss 91, Pp 31-50 (2021) |
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contract for the international sale of goods trade terms incoterms delivery of the goods transfer of risk Law K |
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contract for the international sale of goods trade terms incoterms delivery of the goods transfer of risk Law K Fišer-Šobot Sandra ICC Rules for the use of domestic and international trade terms: INCOTERMS 2020 |
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The use of trade terms in sales contracts, especially international sales contracts, is customary and very common since it contributes to the acceleration of business transactions, concurrently increasing their certainty and predictability. The ICC Rules for the use of domestic and international trade terms -INCOTERMS 2020 have been in effective use since 1 January 2020. Their goal is to enable the development of global trade in an easier, more effective and safer manner. In this paper, the author analyses the development, importance and legal nature of INCOTERMS, with special reference to its current 2020 revision and particular focus on the seller's obligation to deliver the goods and risk transfer from the seller to the buyer. |
format |
article |
author |
Fišer-Šobot Sandra |
author_facet |
Fišer-Šobot Sandra |
author_sort |
Fišer-Šobot Sandra |
title |
ICC Rules for the use of domestic and international trade terms: INCOTERMS 2020 |
title_short |
ICC Rules for the use of domestic and international trade terms: INCOTERMS 2020 |
title_full |
ICC Rules for the use of domestic and international trade terms: INCOTERMS 2020 |
title_fullStr |
ICC Rules for the use of domestic and international trade terms: INCOTERMS 2020 |
title_full_unstemmed |
ICC Rules for the use of domestic and international trade terms: INCOTERMS 2020 |
title_sort |
icc rules for the use of domestic and international trade terms: incoterms 2020 |
publisher |
Faculty of Law, Niš |
publishDate |
2021 |
url |
https://doaj.org/article/088b53c46d634dc9addc9660082cd22e |
work_keys_str_mv |
AT fisersobotsandra iccrulesfortheuseofdomesticandinternationaltradetermsincoterms2020 |
_version_ |
1718370924640600064 |