The long-awaited INCOTERMS 2020 are here! The International Chamber of Commerce ( ICC) released its update to the INCOTERMS in September of 2019. Now in effect, it is essential that stakeholders ...

The new rules have replaced the Incoterm 2000 rules DAF (Delivered at Frontier), DES (Delivered Ex Ship), DEQ (Delivered Ex Quay) and DDU (Delivered Duty Unpaid). Consequently, the number of Incoterms ...

International Commercial Terms ("Incoterms®") are rules that specify terms of trade designed to help traders avoid confusion by clarifying the tasks, costs and risks involved in the sale of goods from ...

of the parties to a contract of sale with respect to the delivery of goods sold. Incoterms are often used as a method of defining risk in transactions where goods are sold – that is, at which point ...