Legal information

Buyers, suppliers, lawyers, transport/logistics companies, customs authorities, insurance professionals and international business professors/students, … BE AWARE: ICC released the Guide to Incoterms®. The guide explains how ICC’s world-famous trade terms apply in practice.

The guide explains the changes since the last Incoterms® rules, looks at the differences between the terms, and provides an overview of buyers’ and sellers’ obligations.

The guide also explains:

•    the evolution of the Incoterms® rules since 1936 and
•    how they work in conjunction with contracts of sale, insurance and payment
•    as well as the consequences following from the choice of the different terms.

Detailed section-by-section comments on each of the Incoterms® rules are presented in a clear, user-friendly manner.