ABOUT ICC INCOTERMS®
Facilitating trade through the development of a set of trade terms was one of ICC’s first initiatives.
Incoterms® is short for “INternational COmmercial TERMS”.
In the 1920’s, ICC conducted studies, examining the use of trade terms. The findings highlighted disparities in interpretation and led to the publication of the first version edition of the Incoterms® rules in 1936 by ICC.
When ICC first introduced the Incoterms® rules they caused a sensation in the international business world by bringing coherence to a commercial and judicial system that diverged widely from one country to another.
The launch of ICC Incoterms® 2020 will take place in the second half of 2019, ICC’s Centenary year, as the organisation looks towards the next century of global trade.
ICC Incoterms® rules are applied by companies for countless business transactions worldwide supporting ICC’s vision to enable business to secure peace, prosperity and opportunity for all.
ICC is committed to do all it can to remake the case for global trade integration given that multilateral rules-based trade has fuelled seven decades of unprecedented job creation and poverty alleviation.
The ICC Incoterms® rules are an essential part of ICC’s work and help set ICC apart from other international business organisations.
The ICC Incoterms® rules help trade flow by helping traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers.
Changes in the rules through the years have been made to adapt the terms to new developments in world trade. In all cases, revisions have been made to ensure that the wording of the ICC Incoterms® rules clearly and accurately reflect trade practice.
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 1 January 2020.
Browse below some of our Media Partners for ICC Incoterms® 2020
PUBLICATIONS
ICC Incoterms® 2020
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PRINT VERSION
ICC Incoterms® regulate the rights and obligations of buyers and sellers in international trade. This includes the transfer of goods to the buyer, transport costs, liability for loss and damage to the goods and insurance costs. They are recognised worldwide and of great importance in foreign trade.
Please note that members’ of ICC United Kingdom are entitled to a 20% discount on the advertised rates. To make a purchase as a member please email us at incoterms@iccwbo.uk or call +44(0)207 838 9363 to gain access to the discount code.
- All orders are shipped using Royal Mail, including all locations worldwide. Please note that orders to PO Boxes are not accepted.
Shipping costs are based on the weight of your order and the delivery method (including 1st Class, Signed For, and International). To find out how much your order will cost, simply place the items you would like to purchase into your cart and proceed to the checkout page. Once you are ready to proceed with the order and are at the checkout, shipping options and rates will be calculated automatically and are subject to your chosen shipping option.
Orders dispatched to countries outside the UK may be subject to import taxes, customs duties and fees levied by the destination country. Customs policies vary widely from country to country and you are advised to contact your local Customs and Excise office for further information.
ICC Incoterms® 2020 - eBook
£40.00
ICC Incoterms® regulate the rights and obligations of buyers and sellers in international trade. This includes the transfer of goods to the buyer, transport costs, liability for loss and damage...
ICC Incoterms® 2020 Pocket Guide (Pack of 5)
£18.00
ICC Incoterms® 2020 Pocket Guide is the handy and practical digest of all 11 Incoterms® 2020 rules. It contains;
- Rules for any mode or modes of transport
- Rules for sea and inland waterway transport
The concise format makes it quick and easy to check the terms when needed or always have them with you in a meeting or business trip.
ICC Incoterms® Pocket Guide is sold in packs of 5.
Please note that members’ of ICC United Kingdom are entitled to a 20% discount on the advertised rates. To make a purchase as a member please email us at incoterms@iccwbo.uk or call +44(0)207 838 9363 to gain access to the discount code.
- All orders are shipped using Royal Mail, including all locations worldwide. Please note that orders to PO Boxes are not accepted.
Shipping costs are based on the weight of your order and the delivery method (including 1st Class, Signed For, and International). To find out how much your order will cost, simply place the items you would like to purchase into your cart and proceed to the checkout page. Once you are ready to proceed with the order and are at the checkout, shipping options and rates will be calculated automatically and are subject to your chosen shipping option.
Orders dispatched to countries outside the UK may be subject to import taxes, customs duties and fees levied by the destination country. Customs policies vary widely from country to country and you are advised to contact your local Customs and Excise office for further information.