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 What are the key changes in Incoterms® 2020?
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.
From English to Pashto to Estonian, this edition is being translated into over 30 languages, check availability with your local ICC office
Training and Events
A number of iCC Incoterms® 2020 training & events are currently being organized worldwide, full list available here.
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
