Published Paper Details:

Generally, each country has its trade law other than international trade law. Therefore, international trade is a process between at least two countries. This diversity requires common languages and unity of practice between different countries. The ICC (International Chamber of Commerce) has been working on standard trade terms since 1919. In 1936, the first edition of Incoterms was published and revised many times. Generally, Incoterms have been set up for delivery in the international sales contract. These are widely accepted and describe the condition of the parties (buyer and Seller). National law or international treaty governs contracts of sale, for instance, the Convention on Contracts for the international sale of Goods (CISG). Therefore, those who deal with international trade prefer to use global standard terms instead of one party's national law, which may be the verdict in favor of their citizen. Therefore, Incoterms are applicable both in international and national contracts. This paper examines the Importance of Incoterms and CISG in International Commercial Contracts.