Publication
Legal Alert: New “Incoterms-2010”, Effective January 1, 2011
The Paris-based International Chamber of Commerce (ICC) has announced that new standard product delivery definitions that govern international sales contracts, known as “INCOTERMS”, will go into effect in January 2011. INCOTERMS identify the location in the supply chain where risk of loss and damage and responsibility for transportation, insurance and Customs-related costs shift from the seller to the buyer.
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.