Avoiding a freight: preparing for Incoterms 2010

27.09.10

 

Major changes to freight delivery terms are afoot.

The International Chamber of Commerce today officially launches 'Incoterms® 2010' in Paris. Impacting anyone selling, buying or supplying goods internationally, Incoterms are freight delivery terms which are reviewed every decade.

Wragge & Co commercial partner David Lowe is one of only eight experts leading the international ICC working group which reviewed and redrafted the terms.

And the changes are significant: four Incoterms have been abolished and two new ones have been developed.

So, what are the main changes and how should the terms be used properly? Wragge & Co's commercial specialists have prepared an article in PLC magazine which examines the key issues.

 

Key Contact

David Lowe, partner, +44 (0)20 7664 0322, david_lowe@wragge.com

This alert may contain information of general interest about current legal issues, but does not give legal advice.

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