Avoiding a freight: preparing for Incoterms 2010
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.
This alert may contain information of general interest about current legal issues, but does not give legal advice.