New Incoterms 2020 came into effect on 1 April, 2019. The International Chamber of Commerce (ICC) has prepared to launch on 1st April, 2019 latest publication of Incoterms 2020, an update of the renowned regulations that define the responsibilities of buyers and sellers operating in the international trade system.
The ICC rules for use of the 11 InCoterms@trade terms, It takes into account the latest developments in commercial practice, and updates the rules to make them more accessible and easier to use for use of Domestic and International trade terms.