The Incoterms issued by the ICC (International Chamber of
Commerce) are set to be revised. The revised version will enter
into force on 1/1/2020.
The Incoterms are of major importance in foreign trade. They
only apply when included in contracts and, according to the ICC,
are used in 90% of all international sales contracts. In terms of
contents, they govern the transfer of risk and liability, but also,
for example, the costs of transport, packaging, and insurance. The
unequivocal definition of the individual clauses enables the
parties to a sales contract to carry out their international and
national commercial business in a standardized manner.
The new version is to be published as "Incoterms 2020"
in September 2019. The ICC has not yet made any statements on the
changes in content. Rumor has it, for example, that the frequently
used "EXW" clause may be eliminated. In view of the
ambiguity of the contents of the amendments, Incoterms users are
advised to refer
