Incoterms® 2020

In October 2019 we published an article summarizing the new rules for international trade, Incoterms® 2020.

2020 is now at the doorstep and the Incoterms® 2020 are ready to be used in international trade transactions. Incoterms® 2020 will automatically be applicable to all trade agreements in which a certain incoterm is referred to without mentioning the year resp. the version of the terms. Further it is highly recommended to amend existing contracts to Incoterms® 2020 and to use the new terms in newly concluded trade agreements. In order to guide you through the jungle of Incoterms® 2020 we have prepared a summary of these new trade terms.

Here you find a more detailed table of the Incoterms® 2020 including rights and duties of the parties.

December 2019

Your team

Contact

In need of legal, tax or compliance advice? We look forward to contacting you.