This chapter summarises how the book has reset the importance to the human race, and the insurance role in the movement of goods services across the globe and the cultural and jurisdictional and risks involved. First, it has focused on the ICC history and developments together with its institutions (Incoterms, UCP 600 and other facilities) that standardized practices thereby easing individual and institutional problems involved in international trade. Secondly, it has homed on Incoterms as a generally acceptable export-import contractual term. In the process the book has removed assumptions of the two most important Incoterms (the ease of FOB and the complexity of the CIF) and bridged the gap between the common and civil law practices. Thirdly, it has put insurance at the centre of all the operations as the solution to all the existential transit risks that face the said movement of goods and services. It has, in the process simplified the otherwise complex process involved in the insurance of international sales contracts. Finally, and ideally, Insurance of International Sales under the Common Law and Incoterms would have been more reflective of the books contents and probably widened its market, but is probably water under the bridge now.

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Concluding Remarks

  • Professor Ademuni-Odeke

摘要

This chapter summarises how the book has reset the importance to the human race, and the insurance role in the movement of goods services across the globe and the cultural and jurisdictional and risks involved. First, it has focused on the ICC history and developments together with its institutions (Incoterms, UCP 600 and other facilities) that standardized practices thereby easing individual and institutional problems involved in international trade. Secondly, it has homed on Incoterms as a generally acceptable export-import contractual term. In the process the book has removed assumptions of the two most important Incoterms (the ease of FOB and the complexity of the CIF) and bridged the gap between the common and civil law practices. Thirdly, it has put insurance at the centre of all the operations as the solution to all the existential transit risks that face the said movement of goods and services. It has, in the process simplified the otherwise complex process involved in the insurance of international sales contracts. Finally, and ideally, Insurance of International Sales under the Common Law and Incoterms would have been more reflective of the books contents and probably widened its market, but is probably water under the bridge now.