Now in its 5th edition, this Guide has introduced a generation of international trade professionals to the essential rules and standard practices of the export import trade.

This thoroughly-revised edition includes up-to-date coverage of such crucial topics as:

• Export Contracts Which documents are used to create and fulfil an export import contract? How do you properly use a pro forma invoice, purchase order, bill of lading, letter of credit, etc.?

• Incoterms® 2010 rules Which Incoterms® rules are currently valid and which have been ruled obsolete? Which Incoterms® rules are used for general transport and which for maritime transport?

• Dispute Resolution and ADR  What is the difference between international litigation and international commercial arbitration? How do parties agree to arbitration under the ICC International Court of Arbitration (ICA)? What are the procedures at the ICA?

• UCP 600 What rules apply to letters of credit? What about standby letters of credit? Demand guarantees? What special rules apply to electronic documents and electronic letters of credit?

• International Transport What different types of transport service providers are available for export import? What is the difference between a freight forwarder and a consolidator or NVOCC? How do you properly insure cargo for maximum coverage?

• International Business Contracts How do you negotiate an international agency, distributorship, franchise, or trademark licensing contract? What are the ICC Model Contracts? What other international business contracts should you understand?

• E-Commerce What do exporters and importers need to know about the Internet and e-commerce?

• Intellectual Property How do exporters and importers protect their intellectual property rights internationally?