Incoterms were first developed in 1936 to define the responsibilities of buyers and sellers in sales contracts. More than 70 years on, they have become the authoritative rules for traders across the globe—setting out who is responsible for the tasks, costs and risks involved in the delivery of goods.
Incoterms 2010 presents a complete modernisation of the Incoterms rules, with new provisions to deal with online communications, free-trade zones and supply-chain security standards. The 11 Incoterms rules are presented in an easy-to-access format, with short guidance notes setting out the fundamentals of each rule.
A must-have reference tool for anyone doing business internationally.