Incoterms® 2010 Desk Pad

Buy NowIncoterms® 2010 Desk Pad

ICC Official Rules for the Interpretation of Trade Terms

DeskPad Pub No. 717, 2010 Edition
Publication No. 717
2010 Edition
Price: $20.00

Order your copy now at our International Bookstore.

A colorful way to protect your desk and this desk pad provides a handy overview of the International Chamber of Commerce’s Incoterms® 2010 rules.

This laminated desk pad presents the rules in a clear and easy to understand diagram that separates the rules into two distinct classes of trade rules: ‘rules for any mode of transport’ and ‘rules for sea and inland waterway transport’. Additionally, this handy chart indicates place of delivery, transfer of risk and how transportation costs are shared between seller and buyer.

Whether you are an importer, exporter, freight forwarder or insurer, this Incoterms® 2010 desk pad should not be missing from your office. It also makes an ideal gift for your business partners.

Product Details

Desk pad, 23 inches x 16 1/5 inches

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Incoterms 2010
Incoterms 2010
ICC Guide to Export/Import

Collected DOCDEX Decisions 2009 – 2012

Buy NowDecisions by ICC experts on documentary credits, collections and demand guarantees Edited by Gary Collyer & Ron Katz Order your copy now at our International Bookstore

Publication No. 739
Paperback, 2012 Edition
212 Pages
Price : $90.00
ISBN: 978-92-842-0174-7

35 Decisions collected in this edition, provide valuable insights into the reasoning behind the experts’ final judgments on documentary credit, collections and demand guarantee disputes. Covering cases decided from 2009-2012, this is the third volume in the series of DOCDEX Decisions.

Decisions presented in this volume are about some of the most controversial provisions of the latest revision of ICC’s universally used rules on letters of credit, UCP 600.  The collection also contains cases dealing with UCP 500, URC 522 and URDG 458.  It gives answers to thorny questions like:

  • Does the fact that the Respondent delivered the documents to the applicant make it liable to pay an amount in excess of the documentary credit value?
  • Is the issuing bank entitled to claim a refund, with interest, of reimbursement made to the respondent when its refusal notice does not accord with the requirements stated under UCP 600?
  • Can an error in the commercial invoice, packing list and certificate of quality – which constituted a reversal of the order of the route of shipment covered by the L/C – be accepted as a typing error?

The DOCDEX Decisions collections complement the ICC Banking Commission Opinions.  Together, they are indispensable aids to practitioners seeking to understand how ICC rules are applied in daily practice.

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DCInsight

Buy NowDocumentary Credit Newsletter
Order your copy now at our International Bookstore

Publication No. DCI2012
eNewsletter – 4 issues per subscription
Price: $260.00

For nearly two decades, letter of credit practitioners have turned to DCInsight for the latest developments in trade finance.  This authoritative quarterly newsletter provides information on the changing role of L/Cs in international trade, and frank and insightful interviews with L/C experts.  With these and other features, DCInsight is the place to go for information in these turbulent financial times.

“Easily the best magazine in its field and the best/most updated magazine for users of letters of credits”

– Reinhard Längerich, Vice President, Trade Finance, Nordea Bank, Copenhagen, Denmark.

“Required reading to navigate through the letter of credit minefield”

– Frank Reynolds, President, International Projects Inc., USA

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New Model Contract for International Sales

4467_image002New York, N.Y., March 13, 2013 – Business and legal experts from around the world have worked together to craft a new ICC Model International Sale Contract as an easy-to-use and commercially relevant template for cross-border sales, according to the United States Council for International Business (USCIB).

The new model contract, developed under the guidance of the Commission on Commercial Law and Practice of the International Chamber of Commerce (ICC), sets out clear and concise standard contractual conditions for the most basic international trade agreement. It is available for purchase in the USCIB International Bookstore.

“ICC’s new Model Sale Contract is even more user-friendly and flexible than before,” said Cynthia Duncan, USCIB’s senior vice president for trade services.  “What’s more, the accompanying CD-ROM is an easy, interactive tool to create custom contracts for companies of all sizes.”

Although created for the export of manufactured goods for resale, the model contract can also serve as an example for other types of transactions.  One of the model contract’s new features is a provision for organizing payment through Bank Payment Obligation (BPO), a new instrument for trade settlement developed jointly by the ICC Banking Commission and SWIFT, the global provider of secure financial messaging services. The aim is to combine flexibility with the payment security of a Letter of Credit.

The ICC Model International Sale Contract, provides clear directions that take sellers and buyers through each step in the process. These steps include: general characteristics of the contract, scope of application, termination of the contract and dispute resolution.

A section on “Specific Conditions” features a model for parties to use directly by filling in sections of a form, while a “General Conditions” section provides a platform of standard legal terms, to use as a reference for contract drafting or negotiation.

Beginners will be aided by the digital version’s on-screen guidance, with warning messages appearing if incompatible clauses are selected, or vital fields left blank.

The ICC Model International Sale Contract was drafted to take into account transactions governed by the UN Convention for the International Sale of Goods (CISG), which applies to an increasingly large volume of international sales. The text of the UN convention is included in the publication’s annex.

The revised ICC Model International Sale Contract is the latest addition to ICC’s widely-acclaimed series of model contracts used by businesses worldwide. All of these are available at the USCIB International Bookstore.

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

USCIB’s Trade Services include: ATA Carnet, commonly known as the Merchandise Passport, which allows goods to enter over 85 customs territories tax- and duty-free for up to one year; eCertificates of Origin, fully electronic processing of Certificates of Origin, returned to you by e-mail, fast and complaint with ICC Guidelines for Certificates of Origin; and the USCIB International Bookstore, which enables customers to learn international business through unique titles covering a range of topics.

 

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Uniform Customs and Practice for Documentary Credits

Uniform Customs and Practice for Documentary Credits, UCP 600

Commercial letters of credit are the lifeblood of the international trade system and, for more than 70 years, the International Chamber of Commerce (ICC) has established the rules governing documentary credits worldwide. By a unanimous vote of 91 to 0, the ICC Banking Commission on October 25, 2006 approved UCP 600, ICC’s revised rules on documentary credits and how to use a letter of credit. UCP 600 entered into force on July 1, 2007 and contains substantive changes to the existing rules that all international business professionals need to know.

New Provisions

  • A leaner set of rules, with 39 articles rather than 49 articles of UCP 500
  • A new section of definitions, containing terms such as “honor” and “negotiation”
  • A replacement of the term “reasonable time” with a definite number of days for examining and determining compliance of documents
  • A new provision concerning addresses of the beneficiary and the applicant
  • An expanded discussion of “original documents”
  • Re-drafted transport articles aimed at resolving confusion over the identification of carriers and agents.

The new UCP 600 also contains within the text the 12 articles of the eUCP, ICC’s supplement to the UCP governing presentation of documents in electronic or part-electronic form.

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Publication No. 600
Paperback
2007 Edition
72 pages
Price: $25.00
ISBN: 978-92-842-1257-6

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Incoterms® 2010 Wallchart

Incoterms® 2010 Wallchart
ICC Official Rules for the Interpretation of Trade Terms

Are you studying the latest international commercial trade terms (Incoterms®)? With the 2011 update to the previous terms for transporting goods abroad, it is imperative to stay on top of the most recent changes. Save yourself the time and trouble looking up the terms in the Incoterms® 2010 manual and get your very own Incoterms® 2010 chart to display on the wall in your office for quick reference.

Useful Tools
This practical wallchart explains all 11 Incoterms® 2010 rules at a glance, including thorough explanations of cost allocation, points of risk transfer, responsibility for delivery and clarification of steps where mutual cost allocation and responsibility take place. The chart also further breaks down all of the terms into two specific groups: those that are exclusively applicable to marine transport and those that are applicable to all methods of transport. It is ideal for offices, classrooms or as a client gift.

Product Specifications
Poster, 12 inches x 24 inches
Sold in package of 10 posters

Give as a Company Gift
Are you interested in purchasing Incoterms® 2010 charts in bulk to give as a corporate gift? Personalization is available for this item.  We can add a company or school logo to the chart. Personalized charts must be purchased in a minimum quantity of 30 packs (300 charts).

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Publication No: 716
2010 Edition
Price: $110.00
ISBN: 978-92-842-0090-0

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New Trade Finance Rules for Forfaiting: Reducing risks in cross-border trade

4443_image002New York, N.Y., February 19, 2013 – Every year, some $300 billion of world trade takes place under forfaiting, a type of trade finance where the purchaser takes on all risk associated with receivables. The International Chamber of Commerce (ICC) has published a new set of uniform rules for the practice, according to ICC’s American chapter, the United States Council for International Business (USCIB).

ICC Uniform Rules for Forfaiting (URF 800), now available from the USCIB International Bookstore, are the first-ever global rules governing a practice generally referred to in the U.S. as “structured trade finance.” The new publication provides clear definitions and practical model agreements for all aspects of forfaiting. Developed jointly by the ICC and the International Forfaiting Association, the rules went into effect on January 1.

“These rules will help avoid misunderstandings, thereby reducing risk, harmonize best practices worldwide and facilitate dispute settlement,” said Donald Smith, president of Global Trade Advisory Ltd. and chair of the ICC drafting group that developed the rules. ”Created by experts for experts, ICC Uniform Rules for Forfaiting is a must-have publication for anyone involved in international trade finance transactions.”

Forfaiting facilitates the provision of finance to the international trade community and gives liquidity to instruments that would otherwise be limited to evidencing payment claims. By making payment claims easier to transfer, forfaiting enables them to be used as more than just a means of obtaining payment for goods or services delivered: they can be used to provide finance.

The USCIB International Bookstore publishes a range of informational products derived from the acclaimed work of the commissions, institutions, and international experts of the International Chamber of Commerce. Titles cover topics such as banking, commercial trade terms, law and arbitration, counterfeiting and fraud, model commercial contracts, advertising and environmental matters.

About USCIB:

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and three valuable trade services to facilitate the international movement of goods. ATA Carnet, commonly known as the Merchandise Passport, allows goods to enter over 85 customs territories tax and duty free for up to one year. eCertificates of Origin, fully electronic processing of Certificates of Origin, returned to you by e-mail, fast and complaint with ICC Guidelines for Certificates of Origin. Finally learn international business with USCIB International Bookstore. More at www.uscib.org.

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Forfaiting Uniform Rules for Forfaiting (URF 800)

ICC Uniform Rules for Forfaiting
By ICC Banking Commission (ICC) & International Forfaiting Association (IFA)

First-ever set of rules, ICC Uniform Rules for Forfaiting provides clear definitions and practical model agreements. In the U.S. forfaiting is known as “structured trade finance,” and every year, more than $300 billion of world trade takes place using forfaiting.

Developed by ICC and IFA, the use of these global rules and standards will help avoid misunderstandings, reduce risk, harmonize best practice around the globe, and facilitate future dispute settlement. These rules went into effect on January 1, 2013.

ICC Uniform Rules for Forfaiting (URF) cover controversial subjects and clarify complex issues such as:

  • Forfaiting agreement and conditions in the primary market
  • Forfaiting confirmations and conditions in the secondary market
  • Payments and payments under reserve
  • Liabilities

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Uniform Rules for Forfaiting

ICC Publication No. 800
Paperback, 2012 Edition
Price: $35.00
ISBN: 978-92-842-0184-6

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Incoterms® 2010

Incoterms® 2010
ICC Official Rules for the Interpretation of Trade Terms

The first Incoterms® rules were released in 1936 by the International Chamber of Commerce.  They caused a sensation in the business world given that they represented a radically new concept in an industry regulated by local rules of law.  ICC’s Incoterms® help traders avoid misunderstandings by clarifying the costs, risks, and the allocation of certain responsibilities of buyers and sellers in contracts for the sale of goods.

International trade becomes more and more complex.  Therefore, universally used rules are essential to avoid misunderstandings and costly disputes.  Regularly incorporated into sales contracts worldwide, Incoterms® rules define the responsibilities of sellers and buyers for the delivery of goods.

Incoterms® 2010 continues a 70-year ICC tradition and reflects the latest developments in commercial practice and updates, and consolidates some of the former rules.  A new classification system divides the 11 Incoterms® rules into two distinct groups:

Rules for any mode of transport: EXW  FCA  CPT  CIP  DAT  DAP  DDP

Rules for waterway transport: FAS  FOB  CFR  CIF

In addition to the 11 rules, Incoterms® 2010 includes:

  • Extensive guidance notes and illustrative graphics to help users efficiently choose the right rule for each transaction;
  • New classification to help choosing the most suitable rule in relation to the mode of transport;
  • Advice for the use of electronic procedures;
  • Information on security-related clearances for shipments;
  • Advice for the use of Incoterms® 2010 in domestic trade.

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Incoterms 2010

Publication No. 715
Paperback
2010 Edition
Approximately 130 pages
Price: $60.00
ISBN: 978-92-842-0080-1

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UN Endorses Incoterms® 2010, ICC’s Rules for International Trade

4393_image001The latest version of the Incoterms® rules, standard commercial terms from the International Chamber of Commerce (ICC) for use in contracts for the sale of goods, have been officially endorsed by the United Nations Commission on International Trade Law (UNCITRAL), confirming their position as the global standard for international business transactions.

UNCITRAL, whose mandate is to remove legal obstacles for international trade, applauded ICC for its “valuable” contribution to facilitating the conduct of global trade by making the Incoterms® 2010 rules simpler and clearer, reflecting recent developments in international trade.

Based in Paris, ICC is the world business organization that forms part of USCIB’s global network. The endorsement was published after UNCITRAL’s 45th session in New York, with a decision to “commend the use of Incoterms® 2010, as appropriate, in international sales transactions.”

“We are thrilled to have the continued support of UNCITRAL, one of the most renowned and influential organs dealing with international business,” said Emily O’Connor, senior policy manager of the ICC Commission on Commercial Law and Practice.

The Incoterms® rules, developed by experts and practitioners brought together by ICC, are used worldwide in international and domestic transactions for the sale of goods. ICC first defined the Incoterms® rules in 1936, and has since revised the rules a number of times. The latest version came into effect in January 2011.

The Incoterms® rules have been recognized by UNCITRAL since the 1960s as the global standard for the interpretation of the most common terms in foreign trade. They have had the support of many international organizations, notably the United Nations, not only through UNCITRAL but also through the United Nations Economic Commission for Europe (UNECE), whose Centre for Trade Facilitation and Electronic Business recommends the use of the Incoterms® rules.

To order a copy of Incoterms® 2010 and related titles, visit the USCIB International Bookstore.

 

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