Incoterms 2010 Videos relating to The International Chamber of Commerce (ICC) announcement that Incoterms® 2010 launched in September 2010 took effect from 1 January, 2011.
Incoterms® rules are revised about once a decade to keep up with the rapid expansion of world trade and globalization. Since the last revision in 2000, much has changed in global trade and the current revision take into account issues such as developments in cargo security post 9/11 and the growing need to replace paper documents with electronic ones.
Incoterms® 2010Videos Part 6 5 main Changes in Incoterms® 2010
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5 main Changes in Incoterms® 2010
1) the ICC rules for both Domestic and International Trade terms.
2) Why the ships rail delivery point has been replaced by the term on board.
3) Why the Maritime Rules are not suitable for Containers
4) How FOB is often misused and why FCA should be used instead.
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