Incoterms® rules 2020

Thematic resource

November 2019

Incoterms® 2020 from the International Chamber of Commerce (ICC): master the risks and costs of your international transport operations!

Incoterms® 2020 : what's new ?

[ A REDIGER ] Mise à jour des règles Incoterms® : ce qui change au 01/01/2020

ICC incoterms2010 EXW, FCA, CPT, CIP, DAP, DPU, DDP, FAS, FOB, CFR, CIF ... 3 letters that say a lot about your logistics profile!

Is the choice of incoterm a key part of your logistics strategy? Do you let your suppliers choose the incoterm in your purchase agreements?

Incoterms determine the reciprocal obligations of the seller and the buyer under an international purchase / sale agreement.

The Incoterms® 2020 (International Commercial Terms), come into effect on January 1, 2020.

This latest version has the advantage to

adapt Incoterms® to current business practices and global trade trends;
facilitate the understanding and correct use of Incoterms®.

Main innovations of Incoterms® 2020

End of the Incoterm DAT for the benefit of the new Incoterm® DPU
More warnings to reserve the Incoterm® EXW for national trade, ie when there are no customs formalities for export (example: intra-community flows)
Two different levels of insurance for Incoterms® CIP and CIF
Possibility of annotation of boarding on the bill of lading for the Incoterm® FCA
Breakdown of detailed costs in bonds
Introduction of the concept of transport organization
More detailed indication of to the designated place

Expert advice

Diana CAMMARANO, International Trade Expert-Trainer

"Far from being a redesign, the Incoterms® 2020 rules complement and reinforce the positions taken by the ICC experts with the 2010 version. Their stated intention is above all to promote an even wider diffusion and to facilitate the understanding of the rules for a better use".

Inter-company training courses Incoterms® 2020

Check the agenda online and sign up for our next training sessions in Paris and Voiron (38):

Incoterms® 2020 agenda

MULTIMODAL INCOTERMS® 2020

Distribution of costs and risks between buyer and seller

Ex Works (EXW), Free Carrier (FCA), Carriage Paid To (CPT), Carriage and Insurance Paid To (CIP), Delivered At Place (DAP), Delivered at Place Unloaded (DPU) et Delivered Duty Paid (DDP).

ACTE-incoterms-2020-multimodaux