Ensuring interest in new INCOTERMS’ rules (2010.)

• Main Author: Ivana Lovrić
• Format: Article
• Language: English
• Published: Pravni fakultet Sveučilišta u Splitu 2017-01-01
• Series: Zbornik Radova Pravnog Fakulteta u Splitu
• Subjects: bussines practice; buying and selling of goods; INCOTERMS rules (2010)
• Online Access: http://hrcak.srce.hr/file/259535

This paper from a theoretical and practical viewpoint demonstrates and analyses the new terms of Incoterms from 2010. Basic general characteristics are pointed out of the new revision and special characteristics of certain terms and differences in relation to Incoterms’ terms from 2000 are shown. In particular, the theory is emphasised by explaining provisions about party officials in relation to contract formation on insurance and contracts on carriage of goods. Carried out and explained are criteria for evaluation which are interested in are interested in insuring goods for carriage by parties in contracts of buying and selling in the application of certain contractual terms. In analysing certain terms, assessment is made of their suitability for use in various types of carriage. Finally, it is assessed that Incoterms’ rules of 2010 are more appropriate for the needs of contemporary business practice than the rules from the previous revision and their use is recommended to businesspeople.