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EVOLUTION OF INCOTERMS 2020.

As you know the Incoterms are essential in our international trade.

They are revised every 10 years, that's why we offer you a short summary

Here are the significant changes of 2020:

EXW (Ex Works) is for National use only.

Otherwise use FCA Seller's Premises

Now FCA with two declinations :

Concerning FCA (Seller's Premises) it refers to EXW + Export Customs.

FCA (Free Carrier) in this option add also the pre-carriage of the goods.

CIP / CIF: differentiation of transport insurance obligations: All Risks cover for the CIP and minimum cover for the CIF.

Incoterm DAT has become DPU Delivered At Place Unload, the seller's obligations remain similar to DAT that is to say until the goods are unloaded.

We are at your service for any further information you may require.


The STIS INTERNATIONAL team


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