The Incoterms 2020 revision : Unsolved problems on FCA Rules

Kim Hee-Jun

doi:10.31839/ibt.2021.10.35.85

KJC Korea
Journal Central

Journal of International Business Transactions Law 2021 KCI Impact Factor : 0.32

Korean | English

pISSN : 2092-769X / eISSN : 2733-6948

http://journal.kci.go.kr/IBT

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The Incoterms 2020 revision : Unsolved problems on FCA Rules

Journal of International Business Transactions Law
Abbr : IBT
2021, (35), pp.85-101
DOI : 10.31839/ibt.2021.10.35.85

Publisher : The Institute for Legal Studies Dong-A University
Research Area : International Commercial Transactions Law

Received : August 30, 2021
Accepted : October 26, 2021
Published : October 31, 2021

Kim Hee-Jun ¹

¹동아대학교

ABSTRACT
열림/닫힘 버튼

The Incoterms rules are well known throughout the whole world and they are the most commonly used trade terms by the parties, lawyers and courts. ICC updates the Incoterms rules almost every 10 years to reflect modern commercial practice. The latest version of the ICC Incoterms 2020 entered into force on 1 January 2020. The 2020 revision made several significant modifications to the earlier terms. Incoterms 2020 now provides for an additional option. Buyer and seller may instruct the carrier to issue a bill of lading to the seller after loading the goods, and the seller may agree that it is obligated to bid the bill of lading to the buyer, usually through the bank. In this article, the author briefly reviews the revisions of Incoterms 2020 and examines unsolved problems on FCA rule. Examining the reasons for the revision disclosed by ICC, it is doubtful whether they are properly understanding the reality of L/C transactions on FCA.
KEYWORDS
열림/닫힘 버튼

Incoterms 2020, FCA, International Trade Law, Bills of Lading, Letter of Credit, UCP

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REFERENCES (14)
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* 2021년 이후 발행 논문의 참고문헌은 현재 구축 중입니다.

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