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The INCOTERMS rules and their importance

Anca Lazar ()
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Anca Lazar: Faculty of Law, “George Baritiu” University of Brasov

Juridical Tribune (Tribuna Juridica), 2011, vol. 1, issue 1, 143-151

Abstract: The content INCOTERMS are a set of rules that determine the rights and obligations of the international sales contract, selecting a rule of interpretation of commercial terms INCOTERMS, progress is the result of negotiation between the parties and expresses the ratio of these economic forces. In relation to the obligations of the parties to an international sales contract are several different types of contracts covered by the clause. To define the main rules INCOTERMS was considered as a starting point delivery of goods, establishment of the seller and the buyer2, the rules concerning the obligations of each party that are grouped into ten items with identical titles for all the rules. Due to significant developments in international trade, for making available to retailers in the interpretation of the rules commonly used trade terms in international trade, the International Chamber of Commerce in Paris draw a set of delivery conditions for their interpretation in international sales, rules that were in international trade practice some habits, but who were not of equal significance to traders in different countries.

Keywords: INCOTERMS; International Comerce Terms; string sales; domestic trade; clauses; groups (search for similar items in EconPapers)
JEL-codes: K20 (search for similar items in EconPapers)
Date: 2011
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