INCOTERMS 2010
At this time, it remains the ICC's goal to release the final version of Incoterms in the fall of 2010 with an effective date of January 1, 2011 (this date is subject to change).
It appears that the new version of Incoterms will be entitled "Incoterms 2010", reflecting the release date rather than the
date they come into force. Mr. Reynolds has provided the following information on items that may be contained in the final
version of Incoterms 2010:
There will be clear differentiation between the omnimodal terms and those intended only for marine use. Cargo security will be covered to the extent possible with differing regulatory systems. The preambles to each Incoterm will be expanded to better inform users of its intended use. A new term will be included to facilitate use in domestic transactions and those within Customs Unions where no export or import clearance obligations exist .
THE INFORMATION AND MATERIAL CONTAINED WITHIN THIS DOCUMENT HAS BEEN DERIVED AND COMPILED FROM A WIDE VARIETY OF SOURCES. WHILE EVERY EFFORT HAS BEEN MADE TO ENSURE ITS ACCURACY, NO RESPONSIBILITY CAN BE ASSUMED BY THE AUTHOR FOR ERRORS, OMISSIONS, OR MISINTERPRETATIONS, AND IN NO EVENT SHALL THE AUTHOR BE LIABLE FOR DIRECT, INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE OF SUCH INFORMATION OR MATERIAL. THIS OUTLINE IS NOT INTENDED AS LEGAL ADVICE. READERS SHOULD SEEK SPECIFIC GUIDANCE WITH REGARDS TO THE SUBJECTS MENTIONED HEREIN.