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Incoterms 2020: what has changed in the rules for delivery of goods

20/02/2020

On 1 January 2020, a new version of Incoterms – the Incoterms 2020 rules (ICC publication No. 723) – came into force. This version contains important changes to the rules for the international supply of goods. The main goal of this new edition is to make these rules as clear and easy to use as possible. The structure of the document and the organisation of tables with the parties’ obligations have changed. Each delivery condition is now illustrated with graphic diagrams. In addition to “cosmetic” and structural changes, there have also been substantive changes, which are outlined below.

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Authors

Georgy Daneliya
Maxim Gubanov