Bursa Uludag University - AVESIS · 2012 · 24 citations · 0 references
LawCommercial LawInternational LawContractsInternational TradeInternational Trade LawCross-border Contract LawInternational Sale Of GoodsInternational Sales ContractsInternational Sales LawTrade RegulationIncoterms DocumentationInternational Commercial TermsInternational Sales Contract InterpretationInternational Sales FormalitiesInternational Sales NormsInternational Trade GovernanceObligations To Ship GoodsUsage In International Sales
On October 16, 2010 new and updated edition of INCOTERMS was accepted by the ICC. These rules came into force on 1 January 2011, are widely used throughout the world. In the text of 2010 was reduced to eleven, four rules removed, two rules added. INCOTERMS reflects generally accepted structure in current commercial practices. In addition, hereafter, INCOTERMS 2010 rules formally recognizes that they are available for application to both international and domestic sale contracts. Concerning the string sales, INCOTERMS® 2010 include the obligation to “procure goods shipped” as an alternative to the obligation to “ship goods”.