Incoterms® 2020 comes into force on 1st January 2020, superseding the 2010 rules unless a contract specifically states otherwise. For further information please click here to read an overview of the main changes by David Lowe, Partner at international law firm Gowling WLG and the Global Co-chair of the Incoterms® 2020 drafting group.
There are 11 different Incoterms® 2020 which detail where ultimate responsibility lies for the transport, insurance, duties and clearance of goods.
Incoterms® and the Incoterms® 2020 logo are trademarks of ICC. Use of these trademarks does not imply association with, approval of or sponsorship by ICC unless specifically stated above. The Incoterms® Rules are protected by copyright owned by ICC. Further information on the Incoterm® Rules may be obtained from the ICC website www.iccwbo.org.