The Implications of the Modernization of International Transactions: INCOTERMS 2010

• Author: Simona Petrina Gavrila, Angelica Rosu
• Pages: 713-718

The Im

Internation

Sim

“Dunărea de Jos” Univers

2

“Dan

ubius” Univ

Abstract:

Over time, in the glob

particularly in relation to how

commercial practices in internati

the auspices of the International

was the result of laborious work

the occasion of the first Congress

in 1920. The significant develop

Chamber of Commerce of

a new

January 2011. Since the last revi

current review to consider issues

replace paper documents with th

the parties and reduce the risk of

Keywords

: incoterms 2010; the

1. Introduction

The negotiation and conclusion

complexity of issues related to th

sound knowledge of the techn

international settlements, of ex

calculations and more. In this con

terms, at a certain moment, bo

relationships between them are

being spec

ifically agreed and oth

the international trade.

(Rules and

In the practice of foreign trade we

The usages complete the contract

the negotiations between the con

2008)

Among general practices,

Globalization an

Implications of the Modernization of

tional Transactions: INCOTERMS 201

imona Petrina Gavrila

1

, Angelica Rosu

2

ersity of Galati, Faculty of Juridical, Social and Pol

gavrilasimonapetrina@yahoo.com

niversity Galaţi, Faculty of Law,

avocatrosu@yahoo

lobal trade relation s were formed a few types of individual in

ow the obligations of the parties are defined. Collection

ational sale of goods

found their first expression in a coded fo

nal Chamber o f Commerce in P aris as Trade Terms

–

Trade T

rk of several trading experts, assembling in a Special Committ

ess of the International Chamber of Commerce, whose works w

lopment of international trade determined the elaboration by

ew set of codified practices, known as Incoterms 2010, which

eview in 2000, there have been many changes in global trade,

es related to development of techniqu

es used to secure the loa

the electronic ones. The new terms of delivery clearly define

of legal complications.

he seller’s obligati

ons; the buyer’s obligations; legal implicatio

ion of foreign trade contract of sale

-

purchase of

the orientation and guiding of the parties involved,

hnique of negotiations, legislation and practice

expedition and customs international insuranc

context, choice and incl

usion in the trade contracts o

both the seller and the buyer, presents a particu

re governed by all the terms stipulated in the con

others chosen from among those used in current pr

and commercial usage, 2001)

were settled habits of a normative nature on the con

act between the parties and have a special significan

ontracting parties and accelerate the conclusion of

s, the most import

ant for the international trade ar

and Cultural Diversity

713

010

Political Sciences,

hoo.com,

l international sales,

n and collation of

form in 1936 under

e Terms. The paper

ittee

, constituted on

ks were held in Paris

by the International

ich applied from 1

st

de, which makes the

load and the need to

ne the obligations of

tions

of goods has a great

ed, for which

requires a

ices in foreign trade,

ance, the profitability

ts of the most favorable

ticular importance, the

ontract, some of them

practice, integrated, of

conclusion of contract

s.

cance because facilitate

of contracts. (Ciobanu,

are those that relate to