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    STUDIA OECONOMICA - Issue no. 1 / 2002  
         
  Article:   INCOTERMS 2000 AND NEW ISSUES OF THE INTERNATIONAL TRADE.

Authors:  GH. CIOBANU.
 
       
         
  Abstract:  INCOTERMS 2000 and New issues of the International Trade. The purpose of Incoterms is to provide a set of international rules for the interpretation of the most commonly used terms in foreign trade. Thus, the uncertainties of different interpretations of such terms in different countries can be avoided or at least reduced to a considerable degree. Since the creation of Incoterms by ICC in 1936, this undisputed worldwide contractual standard has been regulary updated to keep pace with the development of international trade. Incoterms 2000 take account of the recent spread of customs free zones, the increased use of electronic communications in business transactions, and changes in transport practices. All changes, whether substantive or formal have been made on the basis of thorough research among users of Incoterms and particular regard has been given to queries recevied since 1990 by the Panel of Incoterms Experts, set up as an additional service to the users of this rules  
         
     
         
         
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