- Apply for Authority
- P-ISSN1738-3110
- E-ISSN2093-7717
- SCOPUS
ISSN : 1738-3110
The Comparative Study of Incoterms 2020 and 2010 in International Physical Distribution
- Downloaded
- Viewed
Abstract
Purpose: This study is a comparative study to examine the differences between Incoterms 2010 and Incoterms 2010 through a study on the revision contents and conditions of Incoterms 2020. Research design, data, methodology: This study is composed of 5 chapters through literature study. Chapter 1 is an introduction, and Chapter 2 explains the significance and change of standard trading conditions. Chapter 3 compares Incoterms 2020 and 2010. Chapter 4 deals with major revisions and considerations of Incoterms 2020, and Chapter 5 mentions conclusions and implications. Results: In comparison with Incoterms 2020 and Incoterms 2010, first, the selection of the correct Incoterms rules was emphasized through the introduction; second, the division and connection between the sale contract and the ancillary contract were more clearly explained; and third, each Incoterms An explanatory note was presented by improving the existing guidance note for rules, and finally, the order of clauses within individual Incoterms rules was changed to further emphasize delivery and risk. Conclusions: This study pays attention to the understanding of academic content related to standard trade terms and conditions and how usefully it can be used in the business process of users in practice.
- keywords
- Incoterms 2020, Incoterms 2010, Terms, Uniform, Selection, Distribution
Reference
Baluna, R. N. (2012). International Rules for Merchandize Delivery – Delivery Conditions INCOTERMS and FAFTD the title. Annals of Eftimie Murgu University Resita, Fascicle II, Economic Studies, 2012(1), 187-196.
Bergami, R. (2006) The Link between Incoterms 2000 and Letter of Credit Documentation requirement and payment risk, Journal of Business Systems, Governance and Ethics, 2006(1), 49-58.
Bergami, R. (2013). Managing INCOTERMS 2010 Risks: Tension with Trade and Banking Practices. International Journal of Economics and Business Research, 6(3), 324-338.
Baslangic S.Ö. (2015). Main Features of Changes in Incoterms 2010, Manas Journal of Social Studies, 4(5), 73-84.
Căruntu, C., & Lăpăduşi, M.L. (2010). Complex Issues regarding the Role and Importance of Internationally Codified Rules and Incoterms. Petroleum - Gas University of Ploiesti Bulletin, Economic Sciences Series, 62(1), 98-110.
Dugan, S., & Talmaciu, I. (2012). Influence of the Changes Brought by Incoterms 2010 to International Trade. Ovidius University Annals, Series Economics Sciences, 12(1), 41-46.
Fahmy, H. (2019). Classifying and modeling nonlinearity in commodity prices using Incoterms, The Journal of International Trade & Economic Development, 28(8), 1019-1046.
Hien N., Laporte G., Roy J., (2009). Business environment factors, Incoterms selection and export performance, Operations and Supply Chain Management, 2(2), 63-78.
Ioan, P., Gabriela, B. M., & Mihai, P. D. (2013). Global Logistics, Competitiveness and the New INCOTERMS. Annals of the University of Oradea, Economic Science Series, 22(1), 159-166.
Ivetić, J. (2020). Macrologistic performance and logistics commitments in sales contracts in international supply chains. International Journal of Logistics Management, 31(1), 59-76.
Johnson, W.P. (2014). Analysis of Incoterms as usage under articles 9 of the CISG. University of Pennsylvania Journal of International Law. 35(2), 379-430.
Kim, J.H., & Yoo, K.H (2017). Trade Practice and other attachments. Korea National Open University Publishing Co., Chapter 5, 61-79.
Kim, S. M. (2019). A Study on the Major Changes in the IncotermsⓇ 2020. Kyungpook National University Law Institute, 2019(67), 259-287.
Kumar, Sameer. (2010). Logistics Routing Flexibility and Lower Freight Costs through Use of Incoterms. Transportation Journal (American Society of Transportation & Logistics Inc), 49(3), 48-56.
Kwak, S. Y. (2020). A Study on the Characteristics of Major Revised Contents and the Cautions for its Practical Use of Incoterms 2020. Korean Trade Insurance Society, 21(1), 201-214.
Suraraksa J., Amchang C., & Sawatwong N. (2020). Decision-making on Incoterms 2020 of automotive parts manufacturers in Thailand. The Journal of Asian Finance, Economics and Business, 7(10), 461-470,
Stapleton, D. M., Pande, V.,& O'Brien, D. (2013). EXW, FOB OR FCA? Choosing the Right INCOTERM and Why It Matters to Maritime Shippers. Journal of Transportation Law, Logistics & Policy, 81(3), 227-248.
Stojanović, Đ., & Ivetić, J. (2020). Possibilities of using Incoterms clauses in a country logistics performance assessment and benchmarking. Transport Policy. 2020(98), 217-228.
Unal, T. D., & Metin, I. (2021). Do the Factors Affecting INCOTERMS® Selection Differ for Exporters and Importers? A Fuzzy Analytical Hierarchy Process (FAHP) Application, LogForum, 17(2), 306-307.
Vogt,J., & Davis, J. (2020). The State of Incoterm® Research. Transportation Journal (Pennsylvania State University Press), 59(3), 304-324.
Yaakub S., Szu L.Y., Arbak S., Halim N.A. (2018). Incoterms selection factors and its effect on export performance, Journal of Advanced Research in Business, Marketing and Supply Chain Management, 2(1), 9-18.
- Downloaded
- Viewed
- 0KCI Citations
- 0WOS Citations