Incoterms 2010: A Reasonable Choise

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==Checklist to Choose a Reasonable Rule of Incoterms==
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# What method of transport is to be used?
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# What are the  rules of Incoterms currently used?  Who choose these?
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# Are there any company policies on which rules of Incoterms should be used and how much responsibility should be taken?
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# Are there any restrictions on the rule of Incoterms to be used imposed by the country of importation?
 +
# Are there any commercial norms in the country with which you are dealing?
 +
# Discuss the rules of Incoterms to be used with your trading partner - it is important to take their point of view into account.
 +
# Ensure that both parties understand and can carry out their obligations.
 +
# Ensure that you are able to obtain enough information to give a quote for a certain Incoterm.
 +
# Read Incoterms 2010. The introduction gives good advice and can clarify certain issues and the individual rules of Incoterms themselves are accurately described.
 +
# Ensure all staff (especially those involved in sales and marketing) are properly trained in order to understand the basic principles of Incoterms and in particular the details of the individual rules of Incoterms 2010.
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# Incorporate the rules of Incoterms decided into all relevant commercial paperwork such as invoices, quotations, terms and conditions of sale.
 +
# Review the rules of Incoterms periodically and change them if necessary.
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==References==
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<references/>
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[[Category:International Logistics]]

Latest revision as of 14:20, 19 September 2012


Checklist to Choose a Reasonable Rule of Incoterms

  1. What method of transport is to be used?
  2. What are the rules of Incoterms currently used? Who choose these?
  3. Are there any company policies on which rules of Incoterms should be used and how much responsibility should be taken?
  4. Are there any restrictions on the rule of Incoterms to be used imposed by the country of importation?
  5. Are there any commercial norms in the country with which you are dealing?
  6. Discuss the rules of Incoterms to be used with your trading partner - it is important to take their point of view into account.
  7. Ensure that both parties understand and can carry out their obligations.
  8. Ensure that you are able to obtain enough information to give a quote for a certain Incoterm.
  9. Read Incoterms 2010. The introduction gives good advice and can clarify certain issues and the individual rules of Incoterms themselves are accurately described.
  10. Ensure all staff (especially those involved in sales and marketing) are properly trained in order to understand the basic principles of Incoterms and in particular the details of the individual rules of Incoterms 2010.
  11. Incorporate the rules of Incoterms decided into all relevant commercial paperwork such as invoices, quotations, terms and conditions of sale.
  12. Review the rules of Incoterms periodically and change them if necessary.

References

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