Incorporation of Incoterms into a sale contract will not bind any third party, or govern any other contract. It remains for the seller or buyer to ensure that the agreed Incoterm correctly reflects the reality for finance, carriage and insurance. Start with the end in mind!
The explosion at Tianjin Port last August should be seen as a spectacular example of why those operating throughout the global supply chains should examine their work practices and risk policies more thoroughly.
As the supply chain industry globally is gearing up to comply with the SOLAS amendment that, from 1 July 2016, requires verified gross mass for every packed container, it is worth reiterating that container weight is just one (relatively small) part of ramping up safety.
A recent Supreme Court decision seeks to lay to rest the way that the burden of proof may pass and be discharged under the Hague Rules, reversing the Court of Appeal decision. This is an update from the earlier report.
