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Recent Trade News

Statement On The Passing Of Glen Todd
Mar 29, 2022


General Strike At Port Of Montreal Set To Begin Next Week
Apr 23, 2021 CSCB


Regulation Update To Pet Foods From The US
Apr 09, 2021 CFIA


Minister Ng announces Canada is ratifying the Canada-United Kingdom Trade Continuity Agreement
Mar 19, 2021 Global Affairs Canada


Importing Food Into Canada With A Safe Food For Canadians Licence
Mar 15, 2021 CFIA


Reminder: Importing food into Canada with a Safe Food for Canadians licence
Feb 17, 2021 CFIA


Safe Food For Canadians Licence Renewals
Jan 08, 2021 CFIA


Statement By Minister Ng On Canada’s Request For CUSMA Dispute Settlement Consultations With United States On Canadian Solar Products
Jan 07, 2021 Global Affairs Canada


Canada Announces Steps To Ensure Stability For Canada-United Kingdom Trade In Goods
Dec 22, 2020 Global Affairs Canada


Minister Ng Introduces Legislation In House Of Commons To Implement Canada-United Kingdom Trade Continuity Agreement
Dec 09, 2020 Global Affairs Canada


Implementation Of Chapters Of The Animal Products Import Policy Framework
Dec 02, 2020 CFIA


Canada Successfully Concludes Talks On Transitional Trade Continuity Agreement With The United Kingdom
Nov 21, 2020 Global Affairs Canada


Updated Requirements For Importing Organic Fresh Fruits And Vegetables
Oct 02, 2020 CFIA


New And Temporary Import Requirements On Romaine Lettuce
Oct 02, 2020 CFIA


U.S. Backs Down On Aluminum Tariffs
Sep 16, 2020 Pacific Customs Brokers


Canadian Tariffs On U.S. Products Coming Within Days
Sep 15, 2020 CSCB


Additional Organic Produce Import Requirements
Sep 10, 2020


Longshoremen Return To Work At The Port Of Montreal As Negotiations Continue
Aug 24, 2020


Port Of Montreal Labour Disruption – Vessel Options
Aug 19, 2020


72-Hour Strike From July 27 to 31 At Port Of Montreal
Aug 10, 2020


Canada Retaliates With New Surtaxes Imposed On Goods Imported From The U.S.
Aug 07, 2020


U.S. Imposes A 10% Duty On Canadian Aluminium Effective August 16th, 2020
Aug 06, 2020 Pacific Customs Brokers


Reduced Inspection Frequencies For Meat Imported From Australia And New Zealand
Aug 04, 2020 CFIA


Reminder On SFCR Requirements For The Manufactured Food Sector
Jul 10, 2020 Pacific Customs Brokers


Safe Food For Canadians Regulations (SFCR) Requirement For The Manufactured Food Commodities
Jun 29, 2020 CFIA

Read More News »

 

Incoterms® 2010: Speaking the Same Language

By Frank Reynolds, Inbound Logistics Sep 02, 2014

Incoterms 2010 rules are 11 terms of shipment and delivery used in business-to-business purchase contracts and tangible portable goods sales. The rules were developed by the International Chamber of Commerce, a Paris-based organization providing trade-related rules and services through its worldwide network of affiliates.

Since their inception in 1936, Incoterms have received worldwide acceptance. They are revised as needed to address changes in the way trade is conducted. Their life span has averaged about 10 years, so the Incoterms 2010 rules should remain in use for a while.

Each Incoterms rule assigns various cost and performance tasks that buyers and sellers agree to handle, thereby becoming contractual responsibilities that they then owe to each other. By incorporating an Incoterm and an agreed place in the purchase-sale contract, the parties reduce the possibility of misunderstanding or overlooking important tasks, and increase the likelihood of successful fulfillment. As Incoterms rules are a significant part of purchase-sales contracts, it is important that both buyers and sellers understand how to correctly use them.

 

Read Full Article on Inbound Logistics »