engleski

Incoterms® 2010: Risks and Costs Defined

The Paper presents the key features of the revised Incoterms® 2010 rules. The first part defines basic definitions and rules used in Incoterms® 2010 terms, specifying the two most important features of the Incoterms® rules, the transfer of risk and the division of costs between the buyer and seller. Noting the major changes in the Incoterms® rules, the Paper then provides for a basic overview of each Incoterms® 2010 term. Where applicable, certain benefits and deficiences of specific terms, as observed in the practice, are pointed out and where possible, practical solutions in the form of an alternative term to be used are offered. In addition, particular attention is devoted to the choice of a proper term, having in mind the interests and capabilities of the parties involved.

Incoterms® 2010; transfer of risk; division of costs

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