EIRP Proceedings, Vol 6 (2011)

Abstract

Over time, in the global trade relations were formed a few types of individual international sales, particularly in relation to how the obligations of the parties are defined. Collection and collation of commercial practices in international sale of goods found their first expression in a coded form in 1936 under the auspices of the International Chamber of Commerce in Paris as Trade Terms – Trade Terms. The paper was the result of laborious work of several trading experts, assembling in a Special Committee, constituted on the occasion of the first Congress of the International Chamber of Commerce, whose works were held in Paris in 1920. The significant development of international trade determined the elaboration by the International Chamber of Commerce of a new set of codified practices, known as Incoterms 2010, which applied from 1^st January 2011. Since the last review in 2000, there have been many changes in global trade, which makes the current review to consider issues related to development of techniques used to secure the load and the need to replace paper documents with the electronic ones. The new terms of delivery clearly define the obligations of the parties and reduce the risk of legal complications.