Incoterms® 2020 English - ebook

The latest edition of the authoritative ICC rules that define the responsibilities of buyers and sellers for the delivery of goods under sales contracts.

Contains the ICC rules for use of the 11 Incoterms® trade terms

As of 1 January 2020, all sales contracts should make reference to the Incoterms® 2020 rules as the latest version of the Incoterms rules. 

ICC has been writing and publishing the rules for more than 80 years

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eBook Summary

Description

The Incoterms® rules define important 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. Incoterms rules are regularly incorporated into contracts for the sale of goods worldwide and have become part of the daily language of trade.

Incoterms® 2020 contains the ICC rules for use of the 11 Incoterms® trade terms. It takes into account the latest developments in commercial practice, and updates the rules to make them more accessible and easier to use.

The new rules will enter into force on 1 January 2020. As of this date, all sales contracts should make reference to the Incoterms® 2020 rules as the latest version of the Incoterms rules. Learn more about the key changes in Incoterms® 2020 here.

ICC has been writing and publishing the Incoterms rules for more than 80 years, providing importers, exporters, lawyers, transporters, insurers and students in the international arena with rules and guidance reflecting the latest developments in the trading environment.

Table of contents

TABLE OF CONTENTS

INTRODUCTION TO INCOTERMS®  2020……………………................................................……...1

RULES FOR ANY MODE OR MODES OF TRANSPORT............................................................….21

EXW | Ex Works. . . . . . . . . . . . . . . . . . . . . . . . . . ....................................................................... . . ..21

FCA | Free Carrier . . . . . . . . . . . . . . . ................ . . ….......................................................................29

CPT | Carriage Paid To . . . . . . . . . . . . . . .............. . ........................................................................ .41

CIP | Carriage and Insurance Paid To. . . . . . ....................................................................... . .... . . . 51

DAP | Delivered at Place. . . . . . . . . . . . . .. . . . …............................................................................. .63

DPU | Delivered at Place Unloaded. . . ...................................................................................... . .... .73

DDP | Delivered Duty Paid. . . . . . .. . ............ . . ........................................................................ …….83

RULES FOR SEA AND INLAND WATERWAY TRANSPORT…....................................................….99

FAS | Free Alongside Ship. . . . . . . .......................................................................................... . . . ... .93

FOB | Free On Board. . . . . . . . . .  . . . . . . . ....................................................................... . ..….…. .103

CFR | Cost and Freight. . . . . . . . . . . . . . . . . ....................................................................... . . . . .....113

CIF | Cost Insurance and Freight. . . . . . . .. ...................................................................... . . . . ……123

ARTICLE-BY-ARTICLE TEXT OF RULES. . . . . . . . . ......................................................................135

INCOTERMS® 2020 DRAFTING GROUP. . . . . . . . ...................................................................... . 182

Details

  • Publishing date: 2019
  • Number of pages: 204
  • Language: English

Important note

Please note that the eBook delivery will be deferred. After purchase, you will receive an email with instructions on how to download the eBook within 3 working days.

Please note upon receiving your eBook, you will have 60 days to download it. Kindly note that the eBook link is for one user only. The eBook cannot be lent (one eBook link per user). 

 

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