Effective from January 1, 2020, the International Chamber of Commerce (ICC) published the latest edition of the terms of sale – called InCoTerms 2020, whose scope consists of providing accuracy in international negotiations.

Despite the platform's ease of use, the InCoTerms They will bring proposals such as:

• Meeting market needs related to Bills of Lading – Bill of Lading (B/L), providing a specific notation and the rules of FCA;
• The new rules align different levels of insurance coverage under the terms. CIF (Cost, Insurance And Freight) and CIP (Carriage And Insurance Paid To);
• Permission to negotiate using own transportation, using the InCoTerm FCA (Free Carriage At), DAP (Delivered At Place), DPU (Delivered At Place Unloaded) e DDP (Delivered Duty Paid);
• The change of InCoTerm DAT (Delivered at Terminal to DPU (Delivered At Place Unloaded);
• You InCoTerms 2020 These will include safety requirements for transportation costs and obligations.

It should be noted that its entry into force will not prevent the use of the templates provided for by InCoTerms 2010.

Therefore, it is important to pay attention to the changes, considering that the Committee is constantly reviewing the topics to be included in the new version. InCoTerms 2020.

Source: ICCWBO

Put Gian Lucca Jorri,Lawyer, graduated in Law in 2016 from the Catholic University of Santos. Area of Expertise: Customs Law and Tax Law, OAB (Brazilian Bar Association): 404.759