ABSTRACT
The United Nations has adopted a treaty that over 70 countries, including the United States but not Great Britain, that offers uniform international sales regulations. It does not incorporate Incoterms into its guidelines but references the “shipping terms” to be used in international contracts of sale and purchase and identifies, for example, FOB and CIF. As of August 2010, this treaty had been ratified by the 77 countries that account for the majority of global trade.
