Transcription of Practical Guide to Incoterms 2020 - Globalnegotiator
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Practical Guide to Incoterms 2020 - Globalnegotiator
Practical Guide TO Incoterms 2020No part of this publication may be reproduced, stored in a retrieval system or transmitted in any forms or any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the publisher. Copyright Global Marketing Strategies , 2019107, Drayton GardensLondon SW1 9QT. WHAT ARE THE Incoterms RULES? ..6 Classification of the Incoterms 2020 ..7 Changes in the Incoterms 2020: General and specific ..9 Customs clearance: export, transit and import ..14 Variants of the Incoterms ..16 WHAT ARE THE Incoterms USE FOR? ..18 Place of delivery ..18 Documents and customs procedures ..21 Transfer of risks in transport ..23 Allocation of logistics costs ..24 OBLIGATIONS OF THE SELLER AND THE BUYER ..31 EXW Ex Works ..32 FCA Free Carrier ..40 FAS Free Alongside Ship ..48 FOB Free on Board ..56 CPT Carriage Paid To.
The Incoterms rules (INternational COmmerce TERMS) are a total of eleven terms published by the International Chamber of Commerce (ICC) based in Paris, which define the conditions of supply of goods in international sales transactions. The first edition was published in 1936 and subsequently there have been continuous revi-
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