From 1 January 2020 all imports and exports are regulated by the new Incoterms 2020 rules. Incoterms are a set of internationally recognised and accepted rules covering the conditions of sale and establishing the rights and responsibilities of both buyer and seller in international trade.
The ICC Incoterms® 2020 are an accurate description of the rights and obligations of buyer and seller when delivering the goods. International business requires clear agreements on where the responsibility of the seller ends and that of the buyer begins. Since 1936, the Incoterms® of the International Chamber of Commerce (ICC) have existed. The ICC Incoterms® describe the distribution of liabilities, risks and costs in international transactions between buyer and seller for transport, insurance, permits and customs formalities.
There are several reasons why the use of ICC Incoterms® is advisable. Perhaps the most important reason for using the ICC Incoterms® is that the ICC Incoterms® are the international standard rules, thereby avoiding misunderstandings and smoothing international trade when used correctly. In addition, the ICC Incoterms® are available in more than 30 languages, ensuring accessibility.
For any form of transport
For transport by sea and inland waterways