Incoterms® 2020 have been updated, read and download the new Incoterms® chart here: [ Ссылка ]

The International Chamber of Commerce (will shorten it as ICC in the rest of the article.) has released the “ICC Incoterms® 2020” on September 10, 2019.

Basically it’s the updated version of ICC Incoterms® 2010 include international trade terms for the sale of goods. Incoterms® represent sellers and buyers responsibilities engaged in cross-border trade. These are the standards regarding the delivery terms created by the “ICC”.

Incoterms® 2020 rules include a total of 11 delivery terms:

EXW - EX Works
FCA - Free to Carrier
FAS - Free Alongside Ship
FOB - Free On Board
CFR - Cost and Freight
CIF - Cost, Insurance and Freight
CPT - Carriage Paid To
CIP - Carriage and Insurance Paid To
DAP - Delivered At Place
DPU - Delivered at Place Unloaded
DDP - Delivered Duty Paid

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Watch our other videos and learn more:

INCOTERMS 2020: FOB Explained in detail - [ Ссылка ]

INCOTERMS 2020: EXW Explained - [ Ссылка ]

Is sea shipping crisis ending soon? - [ Ссылка ]

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