The Incoterms® 2020 will be released in early September 2019 and come into effect on 1 January 2020.
Please be advised that only ICC and its global offices, known as national committees and groups, are in the position to authentically inform you about the current status of the Incoterms® 2020 rules until their publication in 2019. In recent months, a number of websites and providers have started to offer information or training on [...]
This Guide aims at facilitating and supporting regulated businesses when they outsource their activities and offers a tool for interpreting quality-based rules such as ‘sound governance’ and ‘proper risk management’.
Who would have guessed that a collection of three-letter acronyms would have had such an impact on the development of international (and domestic) commercial transactions? We can thank a group of industrialists, financiers and traders whose determination to bring economic prosperity to a post-World War I era eventually led to the founding of the [...]
July marks the 80th anniversary of the flagship International Chamber of Commerce (ICC) Incoterms® rules. We are kick-starting celebrations by bringing you six facts about the indispensable international commercial trade terms: 80 Years One of ICC's very first initiatives as the world business organization was to facilitate international trade. The many differences in practices and legal interpretations between [...]
Contracts of sale and transport can be tricky even for the most experienced professionals. The slightest of errors may cause substantial repercussions such as detained shipments, spoiled supply chain planning and delayed payments. Here to bridge the gap between expectations and execution is the new ICC Guide on Transport and the Incoterms® 2010 Rules. Created [...]
Reinvigorating trade growth in 2016 GalleryArbitration and ADR, Banking, Commercial Law and Practice, Competition, Corporate Responsibilty and Anti-corruption, Customs and Trade Facilitation, Digital Economy, Environment and Energy, Intellectual Property, Marketing and Advertising, Taxation, Trade and Investment Policy
We enter 2016 amid an increasingly uncertain global outlook: weak global growth, wild swings on stock markets, and a plummeting oil price have all raised concerns about a fresh financial crisis. As the world business organization—representing companies large and small in over 130 countries—we remain committed to promoting a global agenda that enables private sector [...]
ICC appeals to authorities to strengthen legal certainty for international contracts by implementing the newly approved Hague Principles
The International Chamber of Commerce (ICC) advocates for the new HCCH instrument which addresses problems that may be encountered in honouring and defining the perimeters of contractual choice of law in international contracts. International commercial transactions have an added a layer of complexity regarding the possibility of legal disputes and dispute resolution or settlement mechanisms. [...]