ICC Incoterms® rules define the responsibilities of buyers and sellers for the delivery of goods under sales contracts. They are the authoritative rules for determining how costs and risks are allocated to the parties.
WHO ARE THEY FOR?
ICC Incoterms® are relevant for everyone dealing with sales contracts and the movement of goods including UK goods traders (exporters and importers) logistics companies, trade financiers, insurers, shippers, freight forwarders, law firms, consultants and advisors.WHY SHOULD THE 2020 VERSION BE USED?
- Updated rulebook to keep pace with the ever-changing global trade landscape.
- Clear regulation of mutual contractual obligations.
- Enables clarity in contracts.
- No more misunderstandings.
- Avoidance of costly disputes and litigation.
- Recognised by UNCITRAL as the global standard.
ICC INCOTERMS® 2020
BUY NOW
To keep pace with the ever-evolving global trade landscape, the latest update to the trade terms is currently in progress and is set to be unveiled in the second half of 2019 for entry into force on 1st January 2020.
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