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The Conditions Of Delivery In The International Trade - Incoterms 2020

Author

Listed:
  • Elena Enache

    ("Constantin Brancoveanu" University from Pitesti)

  • Sorin Enache

    ("Danubius" University from Galaţi)

  • Cristian Morozan

    (žConstantin Brancoveanu University from Pitesti)

Abstract

The conditions of delivery issued by the International Chamber of Commerce control the essential obligations of the buyer and of the seller in the international trade, such as the transfer of goods to the buyer, transport costs, the liability for the loss and damage of goods and the insurance costs. The delivery conditions (INCOTERMS) apply to the parties of a sale contract (national or international) and refer to - but are not limited to - special rights and obligations under this contractual relationship. Based on a guaranteed constant definition in this way, subsequent problems of interpretation or discrepancies between the parties of the sale contract must be avoided. These conditions do not represent legal dispositions and thus they become legally binding only if they have been effectively agreed between sale contract parties by means of an appropriate reference. Regardless, in individual cases, conflicting legal dispositions still have priority over an INCOTERMS clause.

Suggested Citation

  • Elena Enache & Sorin Enache & Cristian Morozan, 2021. "The Conditions Of Delivery In The International Trade - Incoterms 2020," Management Strategies Journal, Constantin Brancoveanu University, vol. 52(2), pages 19-24.
    • Handle: RePEc:brc:journl:v:52:y:2021:i:2:p:19-24
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    File URL: http://www.strategiimanageriale.ro/papers/210216.pdf
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    More about this item

    Keywords

    export-import; trade; commercial terms; goods;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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