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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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Incoterms, or International Commercial Terms, are a set of pre-defined terms published by the International Chamber of Commerce for international trade. In this article, revisions from the newest edition are explained for the international in-house counsel. 

New updates will impact international trading as well as security in trade, collectable debt (EXW), delivery debt (DDP), cost of checklists, on-board notation and revised obligation under multimodal transport and maritime transport.

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Region: Global, Europe
Interest Area: Commercial and Contracts
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