Revised Incoterm rules to come into effect in New Year

Published: Wednesday, 15 December 2010

International Chamber of Commerce revises trade terms into two sections

The International Chamber of Commerce (ICC) brings into effect the latest revision of its internationally recognised trade terms, Incoterms 2010, on 1 January 2011.

Incoterms, which is short for “international commercial terms”, are widely used in the minerals industry all over the world.

The terms were first introduced in 1936...

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