ICC

The Future Trade Forum and the evolving landscape of global trade

DigitalizationMarch 17, 2023

The inaugural Future Trade Forum is set to happen from the 29th to the 30th of March 2023 at the Sands Expo and Convention Centre, Marina Bay Sands, Singapore. The Future Trade Forum has been initiated by...

Is a bill of lading by any other name still a bill of lading..??

Bill of LadingMay 13, 2022

As we know, a Bill of Lading (B/L) is one of the most commonly used commercial documents in the history of global trade and shipping.. This document is issued in one form or the other for all...

Want to learn how to use Incoterms® 2020 effectively..?? Then read this..

ICCJune 4, 2020

For the past 84 years, Incoterms® has been the cornerstone of global commercial trade, for robust trade negotiations directly or indirectly between parties and the rules have become the standard in international business rules.. BUT, THERE IS A BIG PROBLEM..

As per Emily O’Connor, Director of Trade and Investment for the International Chamber of Commerce (ICC), “people will frequently choose the wrong Incoterms® rule for their transaction”..

O'Connor has emphasised the importance for anyone who uses the Incoterms® rules to learn or re-learn them – even if you consider yourself an expert – in order to avoid costly mistakes in the process of shipping their goods..

There are several consequences of using the incorrect Incoterms® and users need to fully comprehend what it means when they put a three-letter Incoterms® rule into their sales contract..

But no worries, credible and reliable guidance is at hand for you now..