Peculiarities of using Incoterms 2020 in international commercial practice

Abstract

In the article, the author considers the features of applying the International Commercial Terms Incoterms (2020 edition). Classification of the terms is carried out on various grounds, for example, depending on who must conclude a contract of carriage or an insurance contract; depending on the time of transfer of the risk of accidental loss of goods. The paper is based on the analysis of both domestic and foreign practices regarding disputes related to the fulfilment of obligations concluded under the Incoterms. The author emphasizes the importance of using the term Incoterms corresponding to the essence of the relationship between the parties.