Buyers and sellers have been using Incoterms® for decades to help streamline supply chain movements and provide clarity around what roles each party plays. Using the wrong Incoterm® for your shipment can result in confusion and possibly delay.

At Expeditors, we are committed to providing you with support and information to help avoid supply chain disruption.

The International Chamber of Commerce (ICC) has published a new version of Incoterms® for use starting January 1, 2020. The ICC currently revises the terms every ten years, with the previous version published in 2010.

During the revision period, the ICC reviews the current set of Incoterms® and makes amendments based on a number of factors including changes to modes of freight movement, technological advancements, and language clarification. The end goal is to make Incoterms® more understandable and simpler to use.

Download our whitepaper to get a breakdown of what is changing in 2020. Check out our Expeditors events page to learn more about upcoming seminars regarding INCOTERMS and risk management.