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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® Rules: The Mightiness of Three Capital Letters

International Chamber of Commerce Oct 25, 2016

Who would have guessed that a collection of three-letter acronyms would have had such an impact on the development of international (and domestic) commercial transactions? We can thank a group of industrialists, financiers and traders whose determination to bring economic prosperity to a post-World War I era eventually led to the founding of the International Chamber of Commerce (ICC). With no global system of rules to govern trade, it was these businessmen who saw the opportunity to create an industry standard that would become known as the Incoterms® rules.

We journey through 80 years of milestones for the commercial trade terms that have transformed the global trade industry.

1923: ICC’s first sounding of commercial trade terms

After ICC's creation in 1919, one of its first initiatives was to facilitate international trade. In the early 1920's the world business organization set out to understand the commercial trade terms used by merchants. This was done through a study that was limited to six commonly used terms in just 13 countries. The findings were published in 1923, highlighting disparities in interpretation.

Read Full Article on International Chamber of Commerce »