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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Autor principal: Fišer-Šobot Sandra
Formato: article
Lenguaje:EN
SR
Publicado: Faculty of Law, Niš 2021
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Law
K
Acceso en línea:https://doaj.org/article/088b53c46d634dc9addc9660082cd22e
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spelling 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)
institution DOAJ
collection DOAJ
language EN
SR
topic contract for the international sale of goods
trade terms
incoterms
delivery of the goods
transfer of risk
Law
K
spellingShingle 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
description 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
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