Incoterms 2020: ICC Rules for the Use of Domestic and International Trade Terms

International Chamber of Commerce

ISBN 10: 9284205107 / ISBN 13: 9789284205103

Published by Intl Chamber of Commerce, 2019

About this Item

200 pages. 0.50x5.30x9.00 inches. In Stock.

Seller Inventory # __9284205107

Bibliographic Details

• Title: Incoterms 2020: ICC Rules for the Use of Domestic and International Trade Terms
• Publisher: Intl Chamber of Commerce
• Publication Date: 2019
• Language: English
• ISBN 10: 9284205107
• ISBN 13: 9789284205103
• Binding: Paperback
• Condition: Brand New

About this title

Synopsis

Implementation Date: January 1, 2020

The first Incoterms rules were released in 1936 by the International Chamber of Commerce. They caused a sensation in the business world given that they represented a radically new concept in an industry regulated by local rules of law. ICC's Incoterms help traders avoid misunderstandings by clarifying the costs, risks, and the allocation of certain responsibilities of buyers and sellers in contracts for the sale of goods.

Incoterms® 2020 continues an 80-year ICC tradition and reflects the latest developments in commercial practice and updates, and consolidates some of the former rules. Changes made to the rules have been made to adapt the terms to new developments in world trade.

Rules for any mode of transport: EXW FCA CPT CIP DAT DAP DDP

Rules for waterway transport: FAS FOB CFR CIF

In addition to the 11 rules, Incoterms® 2020 includes:

• Extensive guidance notes and illustrative graphics to help users efficiently choose the right rule for each transaction;


• New classification to help choosing the most suitable rule in relation to the mode of transport;


• Advice for the use of electronic procedures;


• Information on security-related clearances for shipments;


• Advice for the use of Incoterms® 2020 in domestic trade.