Peculiarities of using Incoterms 2020 in international commercial practice

Aleksei Yurievich Churilov
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Aleksei Yurievich Churilov: Tomsk State University of Control Systems and Radioelectronics, Tomsk, Russia

Russian Foreign Economic Journal, 2020, issue 7, 47-57

Abstract: In the article, the author considers the features of applying the International Commercial Terms Incoterms (2020 edition). Classification of the terms is carried out on various grounds, for example, depending on who must conclude a contract of carriage or an insurance contract; depending on the time of transfer of the risk of accidental loss of goods. The paper is based on the analysis of both domestic and foreign practices regarding disputes related to the fulfillment of obligations concluded under the Incoterms. The author emphasizes the importance of using the term Incoterms corresponding to the essence of the relationship between the parties

Keywords: Sales contract; Incoterms; contract of carriage; insurance; risk of accidental loss of property; ICC rules for the use of domestic and international trade terms; terms of delivery; changes in Incoterms. (search for similar items in EconPapers)
Date: 2020
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