Incoterms® 2020 Rules
Incoterms® 2020 of the International Chamber of Commerce (ICC): master the risks and costs of your international transport operations!
EXW, FCA, CPT, CIP, DAP, DPU, DDP, FAS, FOB, CFR, CIF... 3 letters that tell a lot about your logistics profile!
Is the choice of sales incoterm part of your logistics strategy? Do your suppliers require you to buy incoterm?
The Incoterms® 2020 (International Commercial Terms)enter into force on 1 January 2020. This latest version has the advantage:
- adapt Incoterms® to current business practices and global trade developments
- facilitate understanding and correct use of Incoterms®
View/ comment/share this video on Linkedin!Incoterms® 2020 inter-company training
Check the online agenda and register for our next training sessions in Paris and Voiron (38) :
INCOTERMS® 2020 MULTIMODALS
Distribution of costs and risks between buyer and seller
Ex Works (EXW),Free Carrier (FCA),Marriage Paid To (CPT), Marriage and Insurance Paid To (CIP),Delivered At Place (DAP),Delivered at Place Unloaded (DPU) and Delivered Duty Paid (DDP).
Incoterms® 2020 free paintings!
To receive free of charge our Incoterms® 2020 synthesis tables (maritime & multimodal) in .PDF format, send us your request via the contact form:
INCOTERMS® 2020 MARITIMES
Distribution of costs and risks between buyer and seller
Free Alongside Ship (FAS),Free On Board (FOB),Cost and Freight (CFR) and Cost Insurance and Freight (CIF).
Main innovations of Incoterms® 2020
- End of incoterm DAT for the benefit new Incoterm® DPU
- More warnings for reserve the Incoterm® EXW for domestic trade, i.e. where there are no customs formalities for export (e.g. intra-Community flows)
- Two different levels of insurance for Incoterms® CIP and CIF
- Possibility ofannotation of boarding on the bill of lading ForIncoterm® FCA
- Distribution of Detailed costs obligations
- Introduction of the concept oforganization of transport
- Indication of place in addition to the designated place
Expert opinion
Diana CAMMARANO, Expert Trainer in International Trade
» Far from being a recast, theIncoterms®2020complement and reinforce the positions taken by ICC experts with the 2010 version. Their intention is above all to promote even wider dissemination and to facilitate understanding of the rules for better use. ».
Incoterms® 2020: what's up?
Incoterms® 2020: useful links
- International Chamber of Commerce (official): incoterms-rules/incoterms-2020
- International Chamber of Commerce (official): incoterms-2020/Book
- ICC France (official): Official launch of new Incoterms 2020 rules
- Customs France (official): Incoterms, for better performance