Incoterm

Incoterms 2020

General Incoterm 2010 small

26 Jul 2019

The current version of the incoterms dates back to 2010. The incoterms are revised and adjusted every 10 years.
This means that we can expect a new version next year.

The incoterms are issued by the International Chamber of Commerce and have existed since 1932.

It appears that most terms remain unchanged, though unofficial sources report adjustments to the terms EXW, DDP and FAS.

We expect that more will become known about the Incoterms 2020 after the summer.

At the moment there are 11 incoterms: 4 are intended specifically for transport by water. The other 7 apply to all kinds of transport (multimodal transport).

Incoterms water:

Incoterms multimodal transport:

More information about the Incoterms 2010 can be found in our logistics glossary: https://www.embassylogisticterms.com/

Keep an eye on our website and LinkedIn page to stay up to date regarding the new Incoterms.