Incoterms 2020 - FIATA World Congress · Incoterms 2020 Incoterms 2020 - 9th Edition Timeline Start...

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Incoterms 2020 INCOTERMS 2020 FIATA WORLD CONGRESS OCTOBER 2019 TEJ CONTRACTOR [email protected]

Transcript of Incoterms 2020 - FIATA World Congress · Incoterms 2020 Incoterms 2020 - 9th Edition Timeline Start...

Page 1: Incoterms 2020 - FIATA World Congress · Incoterms 2020 Incoterms 2020 - 9th Edition Timeline Start Finish 1st Draft 2nd Draft 3rd Draft Published Aug 2016 Jan 2017 May 2018 Sept

Incoterms 2020

INCOTERMS 2020FIATA WORLD CONGRESS OCTOBER 2019

TEJ CONTRACTOR

[email protected]

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Incoterms 2020

1936 - 1ST EDITION

1967 - 3RD EDITION

1953 - 2ND EDITION

1976 - 4TH EDITION

1980 - 5TH EDITION

1990 - 6TH EDITION

2000 - 7TH EDITION

2010 - 8TH EDITION

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Incoterms 2020

9th Edition

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Incoterms 2020

Incoterms 2020 - 9th Edit ion Timeline

FinishStart

1st Draft 2nd Draft 3rd Draft Published

Aug 2016 May 2018 Jan 2020Jan 2017 Sept 2019

Effective from

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Incoterms 2020

MIKE JONES

STEVE MORRIS

ANGELA SONG

RUTH SNOWDENTEJ CONTRACTORROBERT KEEN THOMAS SIM

DAVID FIELDERKAYIHAN TURAN ANTOINE SEBASTIAN

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Incoterms 2020

01 0302 04

Emphasis on Introduction

INTRODUCTION

Guidance note presented as Explanatory note

EXPLANATORY NOTE

Clearer explanation on Sale and Ancillary Contracts

CONTRACTS

Reordering Rules to give Delivery and Risk more

prominence

DELIVERY & RISK

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Incoterms 2020

CHANGES IN INCOTERMS 2020

A6 / B6 Provides for a Bill of Lading to be issued in a FCA Move

01

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Incoterms 2020

CHANGES IN INCOTERMS 2020

01

02

A9/B9 List all costs pertaining to the Incoterms, eg. Delivery Doc.

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Incoterms 2020

CHANGES IN INCOTERMS 2020

01

02

03Different Levels of Insurance Cover in CIP and CIF

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Incoterms 2020

CHANGES IN INCOTERMS 2020

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02

03

04

Arranging Carriage instead of Making Carriage

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Incoterms 2020

CHANGES IN INCOTERMS 2020

01

02

03DAT name change to DPU, but not limited to Terminal

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CHANGES IN INCOTERMS 2020

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02

Security related obligations added to A4 and A7 of each Incoterm

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Incoterms 2020

CHANGES IN INCOTERMS 2020

01

Guidance note is now an Explanatory Note for users

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Incoterms 2020