Knowledge Base – Incoterms® 2020
Incoterms® 2020 – A guide to the International Commercial Terms
The new version of the Incoterms® brings with it many changes. The delivery terms issued by the International Chamber of Commerce regulate essential buyer and seller obligations in international trade, such as the transfer of a good to the buyer, transport costs, liability for loss of and damage to a good and insurance costs.
With the adaptation of the Incoterms® 2020 to current global trade practices, the new version is highly topical and of high practical relevance. The aim of the revision was to improve the user-friendliness of the Incoterms® clauses. The presentation of the clauses was revised to make it easier for users to select the appropriate clause. In addition, the order of the clauses was changed and revised user instructions were attached to each clause.
We have prepared a free whitepaper for you with the new rules, the most important terms and the changes to the previous version of the Incoterms®. On this page you can find out more: Click here to go to the Incoterms 2020.
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