April 24, 2020
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Incoterms® (International Commercial Terms) are the rules for the use of domestic and international trade terms, published by the International Chamber of Commerce (ICC). 

The rules are used to conclude contracts for the purchase of goods worldwide. They define the seller's and buyer's obligations regarding the risk of loss of or damage to the goods, costs and arrangement of transport and customs clearance

The rules are updated every 10 years. Incoterms® 2020 set out 11 rules. Learn the rules and their role in customs valuation by watching the video.

Comments ()

en
A few remarks on the softness of soft law in the sphere of customs classification
31-05-2022

Customs classification rules are numerous, long and technically complex. No wonder both declarants and customs authorities seek guidance as to understanding these rules. This article outlines the intricacies of hard and soft law aimed at facilitating the application of the classification provisions.

Prof Dr Krzysztof Lasiński-Sulecki

law international
en
A few remarks on the softness of soft law in the sphere of customs classification
31-05-2022

Customs classification rules are numerous, long and technically complex. No wonder both declarants and customs authorities seek guidance as to understanding these rules. This article outlines the intricacies of hard and soft law aimed at facilitating the application of the classification provisions.

Prof Dr Krzysztof Lasiński-Sulecki

law international
en
What strategies may EU traders use to overcome trade barriers?
31-05-2022

Recently, the European Commission (EC) terminated the examination procedure concerning obstacles to trade applied by Mexico (see Commission implementing decision (EU) 2022/161, 3.2.2022). This was because the dispute regarding Tequila export licenses was resolved in favour of EU exports by domestic courts in Mexico. The example reveals that exporters can cope with trade barriers in several ways: in courts, and through complaints to the EC.

Dr. Ilona Mishchenko

law international
en
What strategies may EU traders use to overcome trade barriers?
31-05-2022

Recently, the European Commission (EC) terminated the examination procedure concerning obstacles to trade applied by Mexico (see Commission implementing decision (EU) 2022/161, 3.2.2022). This was because the dispute regarding Tequila export licenses was resolved in favour of EU exports by domestic courts in Mexico. The example reveals that exporters can cope with trade barriers in several ways: in courts, and through complaints to the EC.

Dr. Ilona Mishchenko

law international
en
What exporters should know about licensing barriers?
03-04-2022

Due to the non-transparent import licensing requirements in many countries, such as Turkey, India, Malaysia, Brazil, and Argentina, to mention a few, exporters are denied trade opportunities, which these days are especially important for those who lost their export markets after Russia invaded Ukraine. The article introduces basic information on automatic and non-automatic licensing and provides practical examples of some non-transparent licensing regimes worldwide that must be considered when choosing new export markets.

Dr. Ilona Mishchenko

law international
en
What exporters should know about licensing barriers?
03-04-2022

Due to the non-transparent import licensing requirements in many countries, such as Turkey, India, Malaysia, Brazil, and Argentina, to mention a few, exporters are denied trade opportunities, which these days are especially important for those who lost their export markets after Russia invaded Ukraine. The article introduces basic information on automatic and non-automatic licensing and provides practical examples of some non-transparent licensing regimes worldwide that must be considered when choosing new export markets.

Dr. Ilona Mishchenko

law international
lt
GATT 1947 saugumą užtikrinančios išimtys
01-03-2022

Ukraina kreipiasi (žr. žemiau Muitinės praktikų asociacijos iš Ukrainos EBA asociacijos atstovų gautas raštas) su siekiu, kad kitos valstybės taikytų plačiausią embargo Rusijos prekėms, vadovaujantis 1947 m. Bendrojo susitarimo dėl muitų tarifų ir prekybos XXI straipsniu, ir taip prisidėtų prie kritinės situacijos suvaldymo. Apžvelkime plačiau šias išimtis numatantį straipsnį ir jo taikymo sąlygas.

Evelina Šliogerė

law international
lt
GATT 1947 saugumą užtikrinančios išimtys
01-03-2022

Ukraina kreipiasi (žr. žemiau Muitinės praktikų asociacijos iš Ukrainos EBA asociacijos atstovų gautas raštas) su siekiu, kad kitos valstybės taikytų plačiausią embargo Rusijos prekėms, vadovaujantis 1947 m. Bendrojo susitarimo dėl muitų tarifų ir prekybos XXI straipsniu, ir taip prisidėtų prie kritinės situacijos suvaldymo. Apžvelkime plačiau šias išimtis numatantį straipsnį ir jo taikymo sąlygas.

Evelina Šliogerė

law international
en, lt
PEM Convention: application of the new rules of origin in the machinery sector
11-02-2022

As of September 1st, 2021, there are new rules of origin in the European structure of the Pan-Euro-Mediterranean (PEM) Convention that apply in parallel to the previous rules of origin as part of a transitional phase. They are called 'transitional rules'. The new rules of origin provide breathing space in the machinery sector (HS chapters 84, 85 and 90) for those companies that have to work with small margins.

Thomas Woodtli

law international
en, lt
PEM Convention: application of the new rules of origin in the machinery sector
11-02-2022

As of September 1st, 2021, there are new rules of origin in the European structure of the Pan-Euro-Mediterranean (PEM) Convention that apply in parallel to the previous rules of origin as part of a transitional phase. They are called 'transitional rules'. The new rules of origin provide breathing space in the machinery sector (HS chapters 84, 85 and 90) for those companies that have to work with small margins.

Thomas Woodtli

law international
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