Public and private economic and legal interests in the field of international transport in the latest edition of Incoterms

Abstract

The article examines the importance of maintaining a balance of public and private interests when using "autonomy of will" in international trade. The relevance of this study is because the field of international transport is dynamic (closely related to the economy), the sphere of public activity that requires constant monitoring and updating. Purpose: to investigate the process of implementation of economic and legal tasks in the field of international transportation, taking into account the entry into force of the new version of the Code of Trade Rules - Incoterms. Methodology: logical-semantic, historical, analytical, comparative analysis, and synthesis. Research results: such foreign economic activity as international transportation is considered, the basic conditions of Incoterms 2020 terms concerning international transportations and conditions of realization by contractors of the economic-legal interests through observance of these conditions are allocated and analyzed in detail. The work can be used in preparation for the conclusion of a foreign trade agreement.