Influence of Incoterms 2020 on Strategic Decision-making of Entrepreneurs

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Influence of Incoterms 2020 on Strategic Decision-making of Entrepreneurs

Popis výsledku v původním jazyce

The transaction of international trade also brings with it the possibility of misunderstandings and costly disputes, unless purchase contracts are thoroughly concluded. Incoterms help manage these risks. The main purpose of the Incoterms rules is to define mutual roles, duties, responsibilities, and the transfer of risks. The aim of the article is to identify the benefits of Incoterms conditions in concluding purchase contracts. The authors conclude that the use of Incoterms clauses brings more advantages than disadvantages. Both for individual contracting parties and for international trade. An important aspect, however, is the correct use of a suitable condition. The authors also draw attention to possible impacts under inappropriately used conditions, such as ineffective risk allocation or abuse of a dominant position.

Název v anglickém jazyce

Influence of Incoterms 2020 on Strategic Decision-making of Entrepreneurs

Popis výsledku anglicky

The transaction of international trade also brings with it the possibility of misunderstandings and costly disputes, unless purchase contracts are thoroughly concluded. Incoterms help manage these risks. The main purpose of the Incoterms rules is to define mutual roles, duties, responsibilities, and the transfer of risks. The aim of the article is to identify the benefits of Incoterms conditions in concluding purchase contracts. The authors conclude that the use of Incoterms clauses brings more advantages than disadvantages. Both for individual contracting parties and for international trade. An important aspect, however, is the correct use of a suitable condition. The authors also draw attention to possible impacts under inappropriately used conditions, such as ineffective risk allocation or abuse of a dominant position.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 14th International Conference Strategic Management and its Support by Information Systems 2021: May 25-26, 2021, Ostrava, Czech Republic

ISBN

978-80-248-4521-0

ISSN

2570-5776

e-ISSN

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Počet stran výsledku

8

Strana od-do

248-255

Název nakladatele

VŠB - Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

25. 5. 2021

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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