Legal Watch

Saturday 14 December, 2019

Incoterms® 2020

The latest edition of the Incoterms® rules is Incoterms® 2020. However, Incoterms® 2010 remains in effect for those using them.
The Incoterms rules are the world’s essential terms of trade for the sale of goods. The Incoterms rules provide specific guidance to individuals participating in the import and export of global trade on a daily basis.

The International Chamber of Commerce (ICC) published the first Incoterms® rules in 1936. ICC has been developing them ever since.

Incoterms 2020:

EXW Ex Works
FCA Free Carrier
CTP Carriage Paid To
CIP Carriage and Insurance Paid To
DAP Delivered at Place
DPU Delivered at Place Unloaded
DDP Delivered Duty Paid
FAS Free Alongside Ship
FOB Free On Board
CFR Cost and Freight
CIF Cost Insurance and Freight

learn more about the latest edition of Incoterms® rules, please visit