International law concerning the transport of goods between countries is a complex subject; however the small slice of legislation you will be dealing with is digestible with the proper guidance. People import cars every day – in fact the folks you will be dealing with may assume you do – and knowing what you are doing will make their day less frustrating as well. Having the necessary knowledge will not only make the process go smoother it may save you money and time. It will also make the whole experience more rewarding. Humans have been moving stuff around this planet practically since the dawn of time so as you can imagine there are many defined procedures and methods that have been in use for decades if not centuries. Following the rules and selecting the most advantageous options will not only keep you out of trouble but ensure your vehicle makes it to its destination without undue hassle.
The Incoterms rules, also known as the International Commercial Terms are a set of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that pertain to international commercial law. When importing your new Cortina you will be entering into a deal defined by Incoterms. The Incoterms rules are set forth by the ICC to define the tasks, costs, and risks associated with international transport and delivery of goods – in our case good little British Fords. Incoterms rules do not define how titles transfer and are not concerned with price, currency or credit issues.
Incoterms define who pays for what in the international shipping of goods sold. They also define who is responsible for insuring the goods through the different legs of the journey. In a great series from Universal Cargo, all the Incoterms are defined so you can equip yourself with the needed knowledge. Click here to go to the introduction of the series that asks, “What’s the deal with Incoterms?!”