Incoterms® 2020 are essential international trade terms that importers and experts must master to grow globally.
The ICC Transport and Incoterms® 2020 Handbook is a new publication providing clarity and practical support to those in the transport sector working on transactions involving the Incoterms® rules. When goods need to be transported from a seller to a buyer, in most cases an independent carrier is involved.
This handbook has been developed to clarify multiple issues arising in the interrelation of contracts of carriage and the Incoterms® 2020 rules in contracts for the B2B sale of goods and help readers address the complex steps of today’s logistics chains. Covering each of the 11 rules and reflecting sales when the buyer contracts or arranges for carriage and when the seller does so, this book is a must-have for those in the transport sector.
The full text of the Incoterms® 2020 rules is also included in the book.
Guidance on Incoterms® 2020 Rules for Any Mode or Modes of Transport... 8
EX WORKS... 8
FREE CARRIER... 14
CARRIAGE PAID TO ... 23
CARRIAGE AND INSURANCE PAID TO... 33
DELIVERED AT PLACE... 35
DELIVERED AT PLACE UNLOADED... 42
DELIVERED DUTY PAID... 49
Guidance on Incoterms® 2020 Rules for Sea and Inland Waterway Transport ... 56
FREE ALONGSIDE SHIP... 56
FREE ONBOARD... 64
COST AND FREIGHT... 73
COST INSURANCE AND FREIGHT... 83
NOTE ON INSURANCE... 85