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  • WTO launches new edition of Handbook on the TRIPS Agreement November 27, 2020
    The WTO launched today (27 November) the second edition of “A Handbook on the WTO TRIPS Agreement”, which describes the historical and legal background to the Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS), its role in the organization and its institutional framework. The publication coincides with the 25th anniversary of the entry into […]
    WTO
  • WTO to host first Trade for Peace Week November 25, 2020
    The WTO will host the first edition of the Trade for Peace Week from 30 November to 4 December 2020. Ten virtual panel sessions will explore the nexus between trade and peace, with the focus on fragile and conflict-affected countries in accession which want to use trade and economic integration to promote sustainable and inclusive […]
    WTO
  • DDG Agah at ITC Joint Advisory Group: Open trade and economic inclusion key to post-COVID recovery November 25, 2020
    In remarks on 25 November to the 54th session of the Joint Advisory Group that oversees the work of the International Trade Centre (ITC), WTO Deputy Director-General Yonov Frederick Agah argued that open international trade, together with efforts to ensure the benefits from economic activity are widely shared, would be necessary to repair the social […]
    WTO
  • DDG Wolff: “WTO reform is both necessary and feasible” November 24, 2020
    Speaking at the “1+6” roundtable meeting presided by Chinese Premier Li Keqiang on 24 November, Deputy Director-General Alan Wolff urged WTO members to begin serious engagement on improving the WTO, arguing there was enough common ground to reach major new agreements. He also called on China to participate actively and contribute positively to planning far-reaching […]
    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)