INCOTERMS 2010: CHANGES AND FEATURES OF APPLICATION IN INTERNATIONAL TRADE
Authors:
1.
The National Research University Higher School of Economics - Nizhny Novgorod
(department of world economy and customs, associate professor)
Nizhny Novgorod Academy of Russian Ministry of Internal Affairs (department of theory and history of state and law, associate professor)
Russian Federation
Nizhny Novgorod Academy of Russian Ministry of Internal Affairs (department of theory and history of state and law, associate professor)
Russian Federation
Type:
Article
Pages:
from 71
to 75
Status:
Published
Received:
07.04.2017
Accepted:
14.04.2017
Published:
14.04.2017
Subject area:
UDK 34 Право. Юридические науки
BBK 67 Право. Юридические науки
BBK 67 Право. Юридические науки
Language:
Russian, English
Keywords:
Incoterms 2010, foreign trade, foreign trade contract, international trade custom, international sales of goods.
Abstract (English):
Currently foreign trade transactions are instrumental in global economic cooperation. The proper formation and successful implementation of foreign trade contracts are certainly beneficial to the economic situation in the world. However, this process might pose certain difficulties to the participants of international trade which can be avoided if Incoterms 2010 are observed. The provisions of Incoterms 2010 are relevant and meet the requirements of foreign trade. While the Incoterms rules are characterized by amenity and usefulness, there are a number of problems in the practice of their application. The purpose of the research is to analyze the relevant issues of Incoterms application, which significantly influence foreign trade and the economic situation in certain countries. In the research the general methods of scientific investigation are used, i.e. the systematic and dialectic methods; the general scientific methods – induction and deduction, analysis and synthesis, proceeding from abstract to specific, etc.; a legally specific method — the formal-economic and the comparative-economic methods. The article examines Incoterms 2010 and their differences from and similarities to their predecessor — Incoterms 2000. Furthermore, the authors formulate the key problems arising in relation to Incoterms 2010 application and assess their impact on international trade in general. They concluded that the Incoterms rules are a very efficacious regulator of the foreign trade transactions. The issues caused by their application need to be solved urgently, as they lead to letdown of foreign trade.
Currently foreign trade transactions are instrumental in global economic cooperation. The proper formation and successful implementation of foreign trade contracts are certainly beneficial to the economic situation in the world. However, this process might pose certain difficulties to the participants of international trade which can be avoided if Incoterms 2010 are observed. The provisions of Incoterms 2010 are relevant and meet the requirements of foreign trade. While the Incoterms rules are characterized by amenity and usefulness, there are a number of problems in the practice of their application. The purpose of the research is to analyze the relevant issues of Incoterms application, which significantly influence foreign trade and the economic situation in certain countries. In the research the general methods of scientific investigation are used, i.e. the systematic and dialectic methods; the general scientific methods – induction and deduction, analysis and synthesis, proceeding from abstract to specific, etc.; a legally specific method — the formal-economic and the comparative-economic methods. The article examines Incoterms 2010 and their differences from and similarities to their predecessor — Incoterms 2000. Furthermore, the authors formulate the key problems arising in relation to Incoterms 2010 application and assess their impact on international trade in general. They concluded that the Incoterms rules are a very efficacious regulator of the foreign trade transactions. The issues caused by their application need to be solved urgently, as they lead to letdown of foreign trade.
Keywords:
Incoterms 2010, foreign trade, foreign trade contract, international trade custom, international sales of goods.
Incoterms 2010, foreign trade, foreign trade contract, international trade custom, international sales of goods.
1. Balyuk I. A. Ispol'zovanie nacional'nyh valyut vo vneshnetorgovyh raschetah // Vestnik Finansovogo universiteta. 2015. № 5.
