Incoterms – Two Years Later

incoterms

In September 2019, the International Chamber of Commerce released Incoterms 2020, heralded as a groundbreaking version of Incoterms that would bring great change to the supply chain community. Two years later, we look back on the changes that occurred and how they have affected us.

Incoterms 2020 – What to Expect

incoterms 2020

Incoterms are rules issued by the International Chamber of Commerce that facilitate global trade and are updated every ten years or so in an effort to keep up with the changes that take place in international trade. The current version is Incoterms 2010, but a new version, Incoterms 2020, is expected to be released in the last quarter of 2019 and will take effect on January 1, 2020.