How will the 2020 ICC Incoterms impact your business?
At HEUSSEN, we advise our clients on a daily basis about issues of international sale and delivery. Therefore, we regularly work with and advise on the ICC Incoterms.
In the autumn of 2019, the ICC will introduce the new ICC Incoterms 2020. The ICC Incoterms (International Commercial Terms) are a set of definitions that holds universal meaning for buyers and sellers around the world. The Incoterms rules provide specific guidance to individuals participating in the import and export of global trade on a daily basis. The ICC Incoterms are revised periodically to ensure that the ICC Incoterms reflect the changes in the international market. The 2020 ICC Incoterms will be the successor of the 2010 Incoterms, which are still in effect today.
The new ICC Incoterms will prove an updated general framework that reflects the important definitions used in international trade and that will be easier to use than previous versions. The ICC Incoterms will be published in September 2019 and will enter into force on the 1st of January 2020. Please use this link to learn more about the ICC Incoterms.
At HEUSSEN, we have a unique focus on assisting international clients and we therefore perfectly able to assist you with any queries you might have.
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