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  • Items proposed for consideration at the next meeting of Dispute Settlement Body February 28, 2020
    The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 28 February 2020, of the Dispute Settlement Body, which consists of all WTO members and oversees legal disputes among them. The meeting notice is circulated in the form of a document officially called an “airgram”.
    WTO
  • US donates USD 600,000 to further developing countries’ trading capacities February 25, 2020
    The United States contributed USD 600,000 (CHF 590,000) in 2019 to help developing and least-developed countries (LCDs) participate effectively in global trade negotiations. This donation will finance training workshops for officials from WTO member governments to help them deepen their understanding of multilateral trade rules and strengthen their negotiating capacity.
    WTO
  • Lithuania donates EUR 50,000 to enhance developing countries’ trading capacity February 24, 2020
    Lithuania is contributing EUR 50,000 (CHF 53,000) to help developing and least-developed countries take an active part in global trade negotiations. The contribution was acknowledged by Director-General Roberto Azevêdo at a meeting with Lithuania’s Minister of Foreign Affairs, Linas Linkevičius, on 24 February 2020.
    WTO
  • Third anniversary of Trade Facilitation Agreement sees increasing implementation rate February 22, 2020
    Three years since the Trade Facilitation Agreement (TFA) entered into force on 22 February 2017, WTO members have continued to make steady progress in its implementation. Director-General Roberto Azevêdo, on the occasion of the TFA’s third anniversary, welcomed members’ efforts to ensure traders can reap the full benefits of the Agreement.
    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)