Incoterms 2020: Main Changes

Olegario LLamazares* The new Incoterms 2020 are being drafted in the International Chamber of Commerce (ICC) as the body that publishes them since 1930. In the last decades, there has always been a revision of Incoterms Rules coinciding with the first year of each decade 1990, 2000, 2010, which is the latest version and currently in force. Incoterms 2020 are ... Read More »

What is a NCND Non-Circumvention & Non-Disclosure Agreement?

The NCND Non-Circumvention & Non-Disclosure Agreement is intended to protect the rights of occasional intermediaries in international trade that provide certain services (e.g., promotion of business, putting into contact with third parties, assistance in the contract negotiations) and desire to be protected against the risk of being “circumvented” by the other party (i.e., its client) and, consequently, not being paid ... Read More »

Doing business in Romania: 10 keys

Doing Business in Romania

José María Rodriguez Clemente* One of the countries in Europe that offers good opportunities for doing business is Romania, since in addition to its status as a Member State of the European Union (EU), it constitutes a market of twenty million people with many needs to be met in order to reach the status of its main European partners in ... Read More »

Translation of legal contracts: 10 reasons to hire a professional translator

translation of legal contracts

Eider Iturbe* English contracts are a key tool of negotiation used by international businesses, independent bilingual contractors, law firms and government bodies with international ties. We live in a time of globalization and a digital revolution that puts information at anyones fingertips, in real time, regardless of where they live in the world. This opens the door to new forms ... Read More »

International software license agreements templates

International Software License

The dramatic increase in new technologies has made international software license agreements one of the most common forms of contracting in commercial relations in foreign markets. In this type of agreements, the software owner (Licensor) grants a person or company (Licensee) located in another country the right to use the software in exchange for economic remuneration. It is relevant to ... Read More »

What is a freight forwarder? Types and functions

The freight forwarder or forwarding agent is an indispensable member of the international trade and transport community; the freight forwarder arranges for the international shipment of merchandise. Like travel agents – but dealing with cargo rather than passengers – freight forwarder use their knowledge of varying freight rates to offer the shipper the bet “package deal”. In addition to booking ... Read More »

How to find importers?: essential tools

how to find importers

How to find importers is the first question that a company asks itself when starting to sell abroad. The answer may seem obvious: on the Internet. However, it is far from certain unless the company knows precisely which are the most useful and cost-effective tools for identifying importers in foreign markets. Although on the Internet there are hundreds of websites ... Read More »

International Agency Contract Templates: Key Terms

Before entering into an agreement with a commercial agent overseas, export companies need to have a model of International Comercial Agency Contract that regulates the relationship between the exporter (the “principal” in the contract) and the agent. When drafting and negotiating this type of contract template, companies must take into account the following: SPECIFY THE TERRITORY Before specifying the territory ... Read More »

New Union Customs Code (UCC)

NEW UNION CUSTOMS CODE

María Jesús Gómez Arriba*   The Union Customs Code (UCC) entered into force in its entirety in Europe on 1 May 2016. Its implementation will be completed at the end of 2020, when all the European Union (EU) countries have the required information systems. In the meantime, it will be supplemented by two Commission Delegated Regulations and a Commission Implementing ... Read More »

International Construction Contract: Key clauses

The International Construction Contract has become one of the international models of international contracts used most frequently since in recent years numerous construction projects and infrastructures have been made by Western companies (from Germany, France, Spain) in emerging countries. Due to local contractors’ lack of experience, international contractors have carried out construction projects in developed countries and this situation is ... Read More »