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  • WTO issues 2020 Annual Report May 28, 2020
    The WTO’s Annual Report, published today (28 May), provides a comprehensive account of the organization’s activities in 2019 and early 2020. The Report opens with a message from Director-General Roberto Azevêdo and a brief overview of the year. This is followed by in-depth accounts of the WTO’s main areas of activity over the past 12 […]
    WTO
  • 2020 WTO Public Forum cancelled May 28, 2020
    After careful consideration of COVID-19 related uncertainties and health concerns, the WTO has decided to cancel this year’s WTO Public Forum, scheduled for 29 September to 2 October. This decision responds to the complexities around planning to host thousands of people from around the world for a public event under the WTO roof, as well […]
    WTO
  • DDG Wolff: This is the time to consider the future of the multilateral trading system May 27, 2020
    The outbreak of the COVID-19 pandemic has heightened the urgent need to examine the underlying principles and values of the WTO and whether the organization needs change, Deputy Director-General Alan Wolff said on 27 May. Speaking at a webinar hosted by the Korean International Trade Association, DDG Wolff called for immediate action to control the […]
    WTO
  • Members discuss impact of COVID-19 on developing economies’ participation in world trade May 26, 2020
    On 26 May, WTO members assessed the impact of the COVID-19 pandemic on the trading capacity of developing countries in a virtual meeting of the Committee on Trade and Development. The new chair, Afghanistan’s WTO Ambassador, Mohammad Qurban Haqjo, said: “Trade must form part of the solution in assisting and supporting recovery in developing countries.”
    WTO

Incoterms Checklist



When the Incoterms ®2010 version is adopted, this should be mentioned clearly in the sales contract.

If the parties agreed to use electronic format for documents that might be needed during the transactions (Transport, insurance, etc..), then this should be specified in the sales contract.

Goods must be clearly identified in the documents (via packing list) and must include details such as:

  • Exporter’s contact details (the shipper)
  • Importer’s contact details (the consignee)
  • Weight of the cargo (Gross weight- Net weight and tare)
  • Type of products shipped
  • Type of packaging (boxes, pallet etc..)
  • Dimensions of each package
  • Number of boxes, cartons
  • Content of each pallet, each box
  • Invoice number
  • Carrier’s name
  • Transport document (Bill of lading, Airway bill)
  • Letter of credit number
  • Currency

 

Loading

Note that the loading process must be detailed by including aspects such as:

– Who will process the loading

– Named place

– Date (period)

– Carrier

Agreed Date, period and place of pre-carriage

Port of departure and exact point in port of arrival

Period agreed for shipment

Place of delivery

Place of destination

Terminal (quay, container yard, railway terminal, air cargo terminal, warehouse)