Incoterms

The International Chamber of Commerce’s (ICC) globally recognised e-learning platform, the ICC Academy, has launched its first certification on export and import operations.

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 International Chamber of Commerce (ICC). With no global system of rules to govern trade, it was these businessmen who saw the opportunity to create an industry standard that would become known as the Incoterms® rules.

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:

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.

To remain competitive in an increasingly integrated global economy, businesses need to be able to rely on efficient Customs regimes and smooth logistics when exporting and importing goods.

The International Chamber of Commerce (ICC) store will feature a 20% discount on all Incoterms® rules products during the month of July.

Visitors to the International Chamber of Commerce (ICC) online store this June can catch 20% off the ICC Model International Franchising Contract, part of ICC’s highly acclaimed series of Model Contracts used by businesspeople, lawyers and students worldwide.

The International Chamber of Commerce (ICC) is opening its third annual two-day Masterclass on Incoterms® 2010 at ICC headquarters in Paris on 10-11 April 2013.

The latest version of the Incoterms® rules have been officially endorsed by the United Nations Commission on International Trade Law (UNCITRAL), confirming their position as the global standard for international business transactions.

After its success, ICC is organizing another series of Masterclasses on the Incoterms® rules to extend to international trade and legal professionals the opportunity to enhance their understanding and use of the rules.