Incoterms duty to mitigate damages

Quelle: https://iccwbo.org/resources-for-business/incoterms/

A contractual obligation under Incoterms requiring the parties to take reasonable steps to reduce or mitigate damages arising from non-performance, breach, or delays, so that liability is not unduly amplified. The costs of mitigation are generally borne by the party responsible for the damage, where permitted by law.

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duty to mitigate damages

Obligation of a party to take reasonable steps to minimize the damages resulting from a contract breach or other loss in logistics/transport.

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duty to mitigate damages

The obligation of the claimant to take reasonable and appropriate measures to reduce or prevent damages, thereby limiting the damages recoverable.

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ICC Incoterms®

The ICC Incoterms® (International Commercial Terms) are a set of internationally recognized trade terms published by the International Chamber of Comm...

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⚖️ ICC Incoterms 2020

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