New modes of transport and their impact on international transport

Abstract

Various alternative transport options are currently being developed. The business environment as well as legislation must respond to these. It is possible that in a few years we will encounter modes of transport that were unknown until recently. Whether it is air transport by drones or autonomous vehicles, these are just concepts that are at a more advanced stage of implementation. The task of the legislation will be to respond to these stimuli to avoid uncertainty. These changes will have a major impact on the international transport of goods. The advantage of these alternative modes of transport is the lower impact on the environment, when alternative modes are usually used to power them. The aim of this article is to identify opportunities of new modes of transport on international trade relations. The international legal environment must face new challenges and respond in advance to possible modes of alternative transport. The practice is known that if an adequate legal framework is not created, these alternative modes of transport will develop uncontrollably and after that it will be very difficult to introduce any changes or rules. One way to do this is to implement any changes to the Incoterms. There is also a variant of introducing uniform international standards or, in the case of EU directives, that would address this issue.

Choosing the Right One for Sea Transport — Incoterms® 2020

“…Source: [19] According to UNCTAD [19] the value of world exports of goods increased by 26.5% in 2021 after two years of decline. The value of exports is predicted to increase by 13.8% in 2022 compared to 2021. The increase in world trade in goods has been accompanied by an increase in the transport of goods, which can be seen in Figure 2.…”

“…Knowledge and understanding of Incoterms® are crucial for international trade [4,16]. Research shows the importance of Incoterms® terms, especially for SMEs, when concluding international exchange agreements [9,13,15].…”