Chapter_780435.pptVIP

Chapter Seven Incoterms 7.1 Introduction 7.1 Introduction 1. First published by the ICC in 1936 2. Purpose----to provide a set of international rules for the interpretation of the most commonly used trade terms(1) to determine when to transfer the risk (2) to specify who is going to subscribe the contract of carriage (3) to distribute between the seller and buyer the logistic and administrative expenses (4) to define who is responsible for packaging, marking, operations of handling, loading and unloading, inspection of the goods (5) to confirm and fix respective obligations for the achievemen