Ravi Kumar Jinugu is a Senior Trade Associate at Bank of New Zealand. He has been working in international trade for more than 15 years. He has CDCS and a Certificate in Trade Finance from the IIBF.
The ICC’s Incoterms® rules only reflect the most commonly used commercial practice. Therefore, where a situation demands and parties are in agreement, the rules may be amended to deviate from the default provisions or add to the rules to bring more precision.
