Authors: Ignacio Del Rosal
Addresses: Department of Applied Economics, University of Oviedo, Avenida del Cristo, s/n, 33006, Oviedo, Spain
Abstract: Information about the use of delivery terms in seaborne trade is very lacking. The main purpose of this paper is to shed some light on the use of Incoterms in maritime transport. The study is based on information about the Incoterms used in Spanish seaborne export and import operations in 2011. An econometric model for the discrete dependent variable is outlined in which the probability of using delivery terms that include maritime transport is related to several factors such as the weight/value ratio of the goods, the distance between Spain and the partner's country and its income per capita.
Keywords: delivery terms; ICC; International Chamber of Commerce; Incoterms; international commercial terms; containerisation; Spain; seaborne trade; container shipping; discrete dependent variables; maritime transport; econometrics; modelling; container transport.
International Journal of Shipping and Transport Logistics, 2016 Vol.8 No.3, pp.318 - 333
Received: 06 Aug 2014
Accepted: 05 Mar 2015
Published online: 30 Apr 2016 *