The International Chamber of Commerce (ICC) has released Incoterms® 2020 on 10 September 2019, providing certainty and clarity to businesses trading across borders everywhere.
The Incoterms® rules are the language of international trade. When the Incoterms® rules were first introduced in 1936, they brought coherence to a fractured international system, which included conflicting commercial and judicial standards that diverged widely from country to country.
Over 80 years later, the Incoterms® rules are used every day by millions of enterprises of all sizes from around the world, including multinational enterprises (MNEs), micro-, small- and medium-sized enterprises (MSMEs), and individual practitioners.
As it celebrates its 100th year as the world business organization, ICC is pleased to announce that the latest edition of the Incoterms® rules, Incoterms® 2020, was released on 10 September 2019 and comes into effect on 1 January 2020.
From mid-September 2019, users of the Incoterms® rules will be able to adapt, prepare and train their businesses for 1 January 2020, when Incoterms® 2020 will come into effect.
Incoterms® 2020 rules in your format of choice
Since the Incoterms® rules are used daily in contracts for the sale of goods around the world, ICC has taken steps to ensure that Incoterms® 2020 is convenient and accessible for all users. In particular, ICC will offer the new edition in a range of digital and hard copy formats.
ICC Belgium offers a version of the Incoterms® 2020 rules in English, English-French and English-Dutch. In general, the Incoterms® 2020 ruels will be translated into 27 languages.
Order now online your version of the Incoterms® 2020 rules!