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http://dx.doi.org/10.6109/jkiice.2015.19.12.2993

The problems for the usage and practical application of INCOTERMS 2010 in international trade contracts  

Kim, Hae-suk (Dept. of International Trade, Donga University)
Jang, Jae-hun (Dept. of Business Administration, Busan Kyungsang College)
Publication Information
Journal of the Korea Institute of Information and Communication Engineering / v.19, no.12, 2015 , pp. 2993-3002 More about this Journal
Abstract
INCOTERMS 2010 apply to the International Trade Contract for the last 5 years. The export trade condition and the document type for last 10 years was researched to analysis of the practical problems of INCOTERMS 2010 application. The result of the research; First, several rules which are against the official INCOTERMS 2010 rules are used. Second, the conventional rules like FAS FOB, CIF and CFR which are used for the ocean and inland transportation are applied without any changes. Third, the issue of the time of delivery(transfer of ownership) at the CPT and CIP affects not to activate these two rules. Fourth, the frequency of the DAT use is low. Because, the terminal designate is hard at the point of the contract and the terminal is changeable during the transport. According to these issues, the active publicity campaign is needed for the INCOTERMS 2010. And, the analysis of the terms and the solution of conflict are also needed.
Keywords
International trade contract; Rule; multimodal transport;
Citations & Related Records
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  • Reference
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