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Incoterms® 2020 Drafting Group Meeting
March 8 - March 10
The Commission on Commercial Law and Practice (CLP) facilitates international trade and promotes a balanced self-regulatory and regulatory legal framework for international business-to-business (B2B) transactions.
The Commission’s mandate is to set global business standards for international B2B transactions and provide global business input on commercial rules developed by intergovermental organizations.
The Commission works with some of the key intergovermental organizations in this area on a regular basis: UNCITRAL (the United Nations Commission on International Trade Law), UNIDROIT (the International Institute for the Unification of Private Law), and the Hague Conference on Private International Law.
As the foremost business rule-maker for international trade, ICC sets voluntary rules that companies from all parts of the world apply to millions of transactions every year. The rules of the Commission on Commercial Law and Practice, such as Incoterms® 2010, have become part of the legal fabric of international commerce. The commission has also prepared a series of successful model contracts, drafted by dedicated task forces and working groups.