The Incoterms, international commercial terms, offer a rare example of highly standardised terms for commercial transactions. In this paper we present a logical analysis of the Incoterms. Our analysis shows that there is a rich variety of different cases of deontic and defeasible reasoning in the Incoterms. Most of the rules in the Incoterms are expressed in deontic notions such as obligation, ...

Among the many sources of financial and operational risk in supply chains are Incoterms®, which terms trade used to decide who does what a cargo movement, when passes from seller buyer pays for part movement. Wrong Incoterms® create unexpected costs or risks, at best, inoperable contracts worst, with all challenges implied. This paper analyzes chain management (SCM) through lens responsibilitie...

The article examines the importance of maintaining a balance public and private interests when using "autonomy will" in international trade. relevance this study is because field transport dynamic (closely related to economy), sphere activity that requires constant monitoring updating. Purpose: investigate process implementation economic legal tasks transportation, taking into account entry for...

There are differences in risk allocation agreements under the civil law and common systems. However, similar case on overseas sales international business remain apparent. Therefore, INCOTERMS has a significant impact this regard. In addition, effect is sometimes seen determining ownership rights as well. The question here how can same result from viewpoint of passing property be obtained for a...