INCOTERMS - history and future development

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F21%3A10247548" target="_blank" >RIV/61989100:27510/21:10247548 - isvavai.cz</a>

Result on the web

<a href="https://drive.google.com/file/d/1FNzI-s_EVrS3jV5zH6gK-9ibEuqMudUs/view" target="_blank" >https://drive.google.com/file/d/1FNzI-s_EVrS3jV5zH6gK-9ibEuqMudUs/view</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

INCOTERMS - history and future development

Original language description

INCOTERMS is now a well-established set of rules that is used in international trade. The main purpose of the INCOTERMS rules is to define the mutual roles, duties, responsibilities and transfer of risks. Their advantage is comprehensibility and uniform interpretation between the contracting parties, as well as relatively regular revisions responding to current developments. The INCOTERMS rules have been defined and are constantly being developed by practitioners associated with the International Chamber of Commerce (ICC). Each version responded to current societal demand, introduced new clauses, and specified existing ones. But their use and dissemination to the awareness of entrepreneurs also increased. In 2020, the ninth version began to be used, INCOTERMS 2020. The aim of the article is to point out the importance and core of this institute based on the historical development of INCOTERMS clauses and to identify possible future developments. We assume that future versions will respond to new types of transport associated with the expansion of unmanned drones and other modes of transport. The second essential element will be security. The transfer of some logistics operations to a virtual environment will also have an impact, as the development of payment methods. The benefit for optimizing and increasing the transparency of the distribution of INCOTERMS rules is seen in the blockchain technology.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of the 15th International Conference Liberec Economic Forum 2021 : 13th - 14th September 2021, Liberec, Czech Republic, EU

ISBN

978-80-7494-578-6

ISSN

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e-ISSN

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Number of pages

10

Pages from-to

589-598

Publisher name

Technical University of Liberec

Place of publication

Liberec

Event location

Liberec

Event date

Sep 13, 2021

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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