[PDF] Les Incoterms® 2010 - Timar group

What are Incoterms 2010?

Incoterms are rules used for domestic and international trade published by the International Chamber of Commerce (the “ICC”) in order to facilitate global commerce. In particular, these terms clarify certain obligations of parties to a sale of goods contract. The recently?launched Incoterms 2010 rules will become effective as of January 1, 2011.

What are the Incoterms rules?

The Incoterms rules are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of most commonly used terms in international trade. They are intended to reduce or remove altogether uncertainties arising from differing interpretation of the rules in different countries.

What is the history of Incoterms?

"Incoterms" is a registered trademark of the ICC. The first work published by the ICC on international trade terms was issued in 1923, with the first edition known as Incoterms published in 1936. The Incoterms rules were amended in 1953,1967, 1976, 1980, 1990, and 2000, with the eighth version— having been published on January 1, 2011.

How many Incoterms are there in the world?

•The importance of knowing which Incoterm is used at the start of negotiation/quotation of a sale •International Chamber of Commerce 32 Incoterms •Sales transactions