Incoterms, or International Commercial Terms, are a set of pre-defined terms published by the International Chamber of Commerce for international trade. In this article, revisions from the newest edition are explained for the international in-house counsel.
New updates will impact international trading as well as security in trade, collectable debt (EXW), delivery debt (DDP), cost of checklists, on-board notation and revised obligation under multimodal transport and maritime transport.
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Region:
Global
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Europe
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