ICC Guide to Incoterms® 2020 | ICC Knowledge 2 Go - International Chamber of Commerce

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href="https://2go.iccwbo.org/icc-guide-to-export-import-5th-edition-config+book_version-Book/" > ICC Guide to Export/Import - 5th edition </a> <div class="product-thumbnail_warning text-style-11">Special offer November 2024</div> <div class="product-thumbnail_image-wrapper color-blue" > <a href="https://2go.iccwbo.org/icc-guide-to-export-import-5th-edition-config+book_version-Book/" class="product-thumbnail_image"> <img class="lazy_image" data-lazy-src="https://2go.iccwbo.org/media/catalog/product/7/9/790e-icc-guide-export-import_new_logo_.png" src="/assets/images/placeholder.gif" alt="ICC Guide to Export/Import - 5th edition" /> </a> </div> <a href="#" class="cta-favorite add-to-wishlist trigger-sign-in-popin" title="Add to Wish List" aria-label="Add to Wish List" data-role="add" data-product-id="433" data-item-post-url='{"action":"https:\/\/2go.iccwbo.org\/wishlist\/index\/add\/","data":{"product":"433","uenc":"aHR0cHM6Ly8yZ28uaWNjd2JvLm9yZy9mYXZpY29uLmljbw,,"}}' data-mage-init='{"wishlistIcon": {}}'> </a> <div class="product-thumbnail_type text-style-11"> Book </div> <div class=" product-thumbnail_price-wrapper"> <div class="product-thumbnail_pricetxt text-style-11"> Price : </div> <div class="product-thumbnail_price text-style-26" > €52,00 </div> <div class="product-thumbnail_oldPrice text-style-11"> €65,00 </div> </div> <div class="product-thumbnail_actions"> <a class="btn small white" href="https://2go.iccwbo.org/icc-guide-to-export-import-5th-edition-config+book_version-Book/"><span class="text-wrapper"><span class="text-wrapper-bis"><span class="text">View</span></span></span></a> </div> </div> <div class="product-thumbnail type-book small" data-mage-init='{"wishlist":{"addToCartUrl":{},"addAllToCartUrl":{},"commentString":""},"validation": {}}' data-wishlist="https://2go.iccwbo.org/wishlist/index/add/product/460/from/login/"> <a class="product-thumbnail_title text-style-20" 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class="product-thumbnail_title text-style-20" href="https://2go.iccwbo.org/advanced-working-capital-for-trade.html" > Advanced Working Capital for Trade </a> <div class="product-thumbnail_image-wrapper " > <a href="https://2go.iccwbo.org/advanced-working-capital-for-trade.html" class="product-thumbnail_image"> <span style="background-image:url('/assets/images/placeholder.gif')" class="lazy_image" data-lazy-src="https://2go.iccwbo.org/media/catalog/product/2/0/2020_icons_ctfp2.png"></span> </a> </div> <a href="#" class="cta-favorite add-to-wishlist trigger-sign-in-popin" title="Add to Wish List" aria-label="Add to Wish List" data-role="add" data-product-id="248" data-item-post-url='{"action":"https:\/\/2go.iccwbo.org\/wishlist\/index\/add\/","data":{"product":"248","uenc":"aHR0cHM6Ly8yZ28uaWNjd2JvLm9yZy9mYXZpY29uLmljbw,,"}}' data-mage-init='{"wishlistIcon": {}}'> </a> <div class="product-thumbnail_type text-style-11"> Online training </div> <div class=" product-thumbnail_price-wrapper"> 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data-item-post-url='{"action":"https:\/\/2go.iccwbo.org\/wishlist\/index\/add\/","data":{"product":"376","uenc":"aHR0cHM6Ly8yZ28uaWNjd2JvLm9yZy9mYXZpY29uLmljbw,,"}}' data-mage-init='{"wishlistIcon": {}}'> </a> <div class="product-thumbnail_type text-style-11"> eBook </div> <div class=" product-thumbnail_price-wrapper"> <div class="product-thumbnail_pricetxt text-style-11"> Price : </div> <div class="product-thumbnail_price text-style-26" > €49,00 </div> </div> <div class="product-thumbnail_actions"> <a class="btn small white" href="https://2go.iccwbo.org/icc-dispute-resolution-bulletin-2019-issue-1.html"><span class="text-wrapper"><span class="text-wrapper-bis"><span class="text">View</span></span></span></a> </div> </div> <div class="product-thumbnail type-book small" data-mage-init='{"wishlist":{"addToCartUrl":{},"addAllToCartUrl":{},"commentString":""},"validation": {}}' data-wishlist="https://2go.iccwbo.org/wishlist/index/add/product/849/from/login/"> <a class="product-thumbnail_title text-style-20" href="https://2go.iccwbo.org/icc-dispute-resolution-bulletin-2021-issue-1.html" > ICC Dispute Resolution Bulletin 2021 - Issue 1 </a> <div class="product-thumbnail_image-wrapper color-lightorange" > <a href="https://2go.iccwbo.org/icc-dispute-resolution-bulletin-2021-issue-1.html" class="product-thumbnail_image"> <img class="lazy_image" data-lazy-src="https://2go.iccwbo.org/media/catalog/product/c/o/couve_2021-1_bulletin.jpg" src="/assets/images/placeholder.gif" alt="ICC Dispute Resolution Bulletin 2021 - Issue 1" /> </a> </div> <a href="#" class="cta-favorite add-to-wishlist trigger-sign-in-popin" title="Add to Wish List" aria-label="Add to Wish List" data-role="add" data-product-id="849" data-item-post-url='{"action":"https:\/\/2go.iccwbo.org\/wishlist\/index\/add\/","data":{"product":"849","uenc":"aHR0cHM6Ly8yZ28uaWNjd2JvLm9yZy9mYXZpY29uLmljbw,,"}}' data-mage-init='{"wishlistIcon": {}}'> </a> <div class="product-thumbnail_type text-style-11"> eBook </div> <div class=" product-thumbnail_price-wrapper"> <div class="product-thumbnail_pricetxt text-style-11"> Price : </div> <div class="product-thumbnail_price text-style-26" > €49,00 </div> </div> <div class="product-thumbnail_actions"> <a class="btn small white" href="https://2go.iccwbo.org/icc-dispute-resolution-bulletin-2021-issue-1.html"><span class="text-wrapper"><span class="text-wrapper-bis"><span class="text">View</span></span></span></a> </div> </div> </div> </p></div></li></ul></li><li class="Level1 parent column-1 aLeft" ><a rel="" class="Level1 parent" title="" href="https://2go.iccwbo.org/subjects/banking-finance.html">Banking & Finance<span class="arw plush" title="Click to show/hide children"></span></a><ul class="Level1 subMenu "><li class="Level2 first last column-1 aLeft cmsbk" ><div class="222 cmsbk"><p></p></div></li></ul></li><li class="Level1 parent column-1 aLeft" ><a rel="" class="Level1 parent" title="" href="https://2go.iccwbo.org/subjects/construction.html">Construction<span class="arw plush" title="Click to show/hide children"></span></a><ul class="Level1 subMenu "><li class="Level2 first last column-1 aLeft cmsbk" ><div class="222 cmsbk"><p> <div class="menu_widget_title_block"> <p class="title text-style-29">Our selection</p> </div> <div class="product-items"> <div class="product-thumbnail type-book small" data-mage-init='{"wishlist":{"addToCartUrl":{},"addAllToCartUrl":{},"commentString":""},"validation": {}}' data-wishlist="https://2go.iccwbo.org/wishlist/index/add/product/101/from/login/"> <a class="product-thumbnail_title text-style-20" href="https://2go.iccwbo.org/dispute-adjudication-boards-under-fidic-contracts-recent-icc-awards-and-commentary.html" > Dispute Adjudication Boards under FIDIC Contracts </a> <div class="product-thumbnail_image-wrapper color-lightorange" > <a href="https://2go.iccwbo.org/dispute-adjudication-boards-under-fidic-contracts-recent-icc-awards-and-commentary.html" class="product-thumbnail_image"> <img class="lazy_image" data-lazy-src="https://2go.iccwbo.org/media/catalog/product/i/c/icc-_15bul1-2-icc-dispute-resolution-bulletin-dispute-adjudication-boards-fidic-contracts-2020.png" src="/assets/images/placeholder.gif" alt="Dispute Adjudication Boards under FIDIC Contracts" /> </a> </div> <a href="#" class="cta-favorite add-to-wishlist trigger-sign-in-popin" title="Add to Wish List" aria-label="Add to Wish List" data-role="add" data-product-id="101" data-item-post-url='{"action":"https:\/\/2go.iccwbo.org\/wishlist\/index\/add\/","data":{"product":"101","uenc":"aHR0cHM6Ly8yZ28uaWNjd2JvLm9yZy9mYXZpY29uLmljbw,,"}}' data-mage-init='{"wishlistIcon": {}}'> </a> <div class="product-thumbnail_type text-style-11"> eBook </div> <div class=" product-thumbnail_price-wrapper"> <div class="product-thumbnail_pricetxt text-style-11"> Price : </div> <div class="product-thumbnail_price text-style-26" > €75,00 </div> </div> <div class="product-thumbnail_actions"> <a class="btn small white" href="https://2go.iccwbo.org/dispute-adjudication-boards-under-fidic-contracts-recent-icc-awards-and-commentary.html"><span class="text-wrapper"><span class="text-wrapper-bis"><span class="text">View</span></span></span></a> </div> </div> <div class="product-thumbnail type-book small" data-mage-init='{"wishlist":{"addToCartUrl":{},"addAllToCartUrl":{},"commentString":""},"validation": {}}' data-wishlist="https://2go.iccwbo.org/wishlist/index/add/product/849/from/login/"> <a class="product-thumbnail_title text-style-20" href="https://2go.iccwbo.org/icc-dispute-resolution-bulletin-2021-issue-1.html" > ICC Dispute Resolution Bulletin 2021 - Issue 1 </a> <div class="product-thumbnail_image-wrapper color-lightorange" > <a href="https://2go.iccwbo.org/icc-dispute-resolution-bulletin-2021-issue-1.html" class="product-thumbnail_image"> <img class="lazy_image" data-lazy-src="https://2go.iccwbo.org/media/catalog/product/c/o/couve_2021-1_bulletin.jpg" src="/assets/images/placeholder.gif" alt="ICC Dispute Resolution Bulletin 2021 - Issue 1" /> </a> </div> <a href="#" class="cta-favorite add-to-wishlist trigger-sign-in-popin" title="Add to Wish List" aria-label="Add to Wish List" data-role="add" data-product-id="849" data-item-post-url='{"action":"https:\/\/2go.iccwbo.org\/wishlist\/index\/add\/","data":{"product":"849","uenc":"aHR0cHM6Ly8yZ28uaWNjd2JvLm9yZy9mYXZpY29uLmljbw,,"}}' data-mage-init='{"wishlistIcon": {}}'> </a> <div class="product-thumbnail_type text-style-11"> eBook </div> <div class=" product-thumbnail_price-wrapper"> <div class="product-thumbnail_pricetxt text-style-11"> Price : </div> <div class="product-thumbnail_price text-style-26" > €49,00 </div> </div> <div class="product-thumbnail_actions"> <a class="btn small white" href="https://2go.iccwbo.org/icc-dispute-resolution-bulletin-2021-issue-1.html"><span class="text-wrapper"><span class="text-wrapper-bis"><span class="text">View</span></span></span></a> </div> </div> </div> </p></div></li></ul></li><li class="Level1 parent column-1 aLeft" ><a rel="" class="Level1 parent" title="" href="https://2go.iccwbo.org/subjects/corruption.html">Corruption<span class="arw plush" title="Click to show/hide children"></span></a><ul class="Level1 subMenu "><li class="Level2 first last column-1 aLeft cmsbk" ><div class="222 cmsbk"><p> <div class="menu_widget_title_block"> <p class="title text-style-29">Our selection</p> </div> <div class="product-items"> <div class="product-thumbnail type-book small" data-mage-init='{"wishlist":{"addToCartUrl":{},"addAllToCartUrl":{},"commentString":""},"validation": {}}' data-wishlist="https://2go.iccwbo.org/wishlist/index/add/product/111/from/login/"> <a class="product-thumbnail_title text-style-20" href="https://2go.iccwbo.org/fighting-corruption.html" > Fighting Corruption - International Corporate Integrity 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class="product-thumbnail_price text-style-26" > €75,00 </div> </div> <div class="product-thumbnail_actions"> <a class="btn small white" href="https://2go.iccwbo.org/fighting-corruption.html"><span class="text-wrapper"><span class="text-wrapper-bis"><span class="text">View</span></span></span></a> </div> </div> <div class="product-thumbnail type-book small" data-mage-init='{"wishlist":{"addToCartUrl":{},"addAllToCartUrl":{},"commentString":""},"validation": {}}' data-wishlist="https://2go.iccwbo.org/wishlist/index/add/product/198/from/login/"> <a class="product-thumbnail_title text-style-20" href="https://2go.iccwbo.org/recent-anti-corruption-initiatives-and-arbitration-ebook.html" > Recent Anti-Corruption Initiatives and their impact on Arbitration </a> <div class="product-thumbnail_image-wrapper color-lightorange" > <a href="https://2go.iccwbo.org/recent-anti-corruption-initiatives-and-arbitration-ebook.html" class="product-thumbnail_image"> <img class="lazy_image" data-lazy-src="https://2go.iccwbo.org/media/catalog/product/i/c/icc-recent-anti-corruption-initiatives-and-arbitration.jpg" src="/assets/images/placeholder.gif" alt="Recent Anti-Corruption Initiatives and their impact on Arbitration" /> </a> </div> <a href="#" class="cta-favorite add-to-wishlist trigger-sign-in-popin" title="Add to Wish List" aria-label="Add to Wish List" data-role="add" data-product-id="198" data-item-post-url='{"action":"https:\/\/2go.iccwbo.org\/wishlist\/index\/add\/","data":{"product":"198","uenc":"aHR0cHM6Ly8yZ28uaWNjd2JvLm9yZy9mYXZpY29uLmljbw,,"}}' data-mage-init='{"wishlistIcon": {}}'> </a> <div class="product-thumbnail_type text-style-11"> eBook </div> <div class=" product-thumbnail_price-wrapper"> <div class="product-thumbnail_pricetxt text-style-11"> Price : </div> <div class="product-thumbnail_price text-style-26" > €12,00 </div> </div> <div class="product-thumbnail_actions"> <a class="btn small white" 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The guide also explains the evolution of the Incoterms\u00ae rules since 1936 and how they work in conjunction with contracts of sale, insurance and payment as well as the consequences following from the choice of the different terms. 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trade terms apply in practice, ICC Guide to Incoterms\u00ae 2020 provides answers to the most important and recurring questions that will be asked about the Incoterms\u00ae 2020 rules."},"additional_info":{"tags":{"value":["export-import","international-trade","trade-finance","icc-guides","ebook"],"label":"Product tags"},"background_color":{"value":"12","label":"Background color"},"table_of_content":{"value":"<p><strong>INTRODUCTION . . . . 9<\/strong><\/p>\r\n<ul>\r\n<li>The evolution of the Incoterms\u00ae rules from 1936 to 2020 . . . 10<\/li>\r\n<li>Incoterms evolves with international trade. . . . 11<\/li>\r\n<li>Recent developments in the Incoterms\u00ae rules. . . . . 12<\/li>\r\n<li>The sales contract and additional contracts.\u00a0 . . . . 13<\/li>\r\n<\/ul>\r\n<p><strong>UNDERSTANDING THE INCOTERMS\u00ae RULES. . . . . 17<\/strong><\/p>\r\n<ul>\r\n<li>What are the Incoterms\u00ae rules and what can they do for you?\u00a0 . . . 18<\/li>\r\n<li>Referencing the Incoterms\u00ae rules in a contract of sale . . . . 18<\/li>\r\n<li>What the Incoterms\u00ae rules do not do for you . . . . 19<\/li>\r\n<li>The Incoterms\u00ae rules and contracting practice. . . . 21<\/li>\r\n<\/ul>\r\n<ul>\r\n<ul>\r\n<li>The need for interpretation of \u201ckey words\u201d . .\u00a0 . . 21<\/li>\r\n<li>The most common practice. .\u00a0 . . 21<\/li>\r\n<li>The FOB point. . .\u00a0 . . 22<\/li>\r\n<li>EXW and the seller\u2019s assistance. ..\u00a0 .. . 22<\/li>\r\n<li>Containerisation. . .. . . 22<\/li>\r\n<li>Checking how the goods are handed over for carriage. . . . 23<\/li>\r\n<li>The seller\u2019s duty to provide substitute goods . .\u00a0 . . 24<\/li>\r\n<li>Checking availability of documents required under the Incoterms\u00ae rule. .. . . 24<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Why are as many as 11 Incoterms\u00ae rules required? . .\u00a0 . . 24<\/li>\r\n<li>Which Incoterms\u00ae rule should be chosen?. . . . . 25<\/li>\r\n<ul>\r\n<li>Terms and business strategies.\u00a0 . . . 25<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and the contract of carriage. . .. . 25<\/li>\r\n<ul>\r\n<li>Charter parties. . .. . . 26<\/li>\r\n<li>Usual, normal and suitable carriage. .. . . 27<\/li>\r\n<li>The bill of lading. .. . . 27<\/li>\r\n<li>Sale of goods in transit. . . . . 28<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>The duties under the Incoterms\u00ae rules to load and unload the goods. .\u00a0 . . 28<\/li>\r\n<li>The duties connected to export and import clearance.. . . . 29<\/li>\r\n<ul>\r\n<li>Economic sanctions and export controls. . . . 29<\/li>\r\n<li>EXW and export formalities. .\u00a0 . . . 30<\/li>\r\n<li>Customs-free regions. . .. . . . 30<\/li>\r\n<li>Responsibility for charges. . . . . . 31<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and insurance. . . .. . . 31<\/li>\r\n<ul>\r\n<li>Insurance when the parties use FOB instead of FCA. . . . . 31<\/li>\r\n<li>Insurance under CIF and CIP. . . . . 32<\/li>\r\n<li>When insurance is excluded. . . . . . 32<\/li>\r\n<li>Risks of war and labour disturbances. . .. . 32<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and documentary credits. . . . . 32<\/li>\r\n<li>The Incoterms\u00ae rules and electronic commerce. . . . . 34<\/li>\r\n<li>Variations of the Incoterms\u00ae rules. . . . . 34<\/li>\r\n<ul>\r\n<li>Additions to EXW. .. . . 35<\/li>\r\n<li>Additions to FOB. . . . . 35<\/li>\r\n<li>Additions to FCA. . .. . . 35<\/li>\r\n<li>Additions to the C terms. . .\u00a0 . 35<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and other terms in the contract of sale. . .\u00a0 . 36<\/li>\r\n<ul>\r\n<li>Increase of costs after the contract is concluded. . . . . . 36<\/li>\r\n<li>Risk of performance if goods are lost or damaged. .. . . 37<\/li>\r\n<li>Non-conforming goods. . . . . 37<\/li>\r\n<li>Transfer of risk v. transfer of property rights. . ..\u00a0 . 37<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and dispute resolution. .\u00a0 \u00a0.\u00a0 . 37<\/li>\r\n<ul>\r\n<li>The choice of arbitration. . . .\u00a0 . . 37<\/li>\r\n<li>Jurisdiction of the arbitral tribunal. . . .. 38<\/li>\r\n<li>Alternatives to arbitration and litigation. . .\u00a0 \u00a0. . 38<\/li>\r\n<li>Need for specificity in referencing arbitration. . . . . 38<\/li>\r\n<\/ul>\r\n<\/ul>\r\n<p><br \/><strong>THE FOUR CATEGORIES OF INCOTERMS\u00ae RULES: MAIN COMPONENTS.. .\u00a0 . 39<\/strong><\/p>\r\n<ul>\r\n<li>Important differences between shipment and arrival contracts. . . . 40<\/li>\r\n<li>The abbreviations: E, F, C and D terms. . . . 40<\/li>\r\n<ul>\r\n<li>The Incoterms\u00ae 2020 rules. . . . 41<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>The term EXW: placing the goods at the disposal of the buyer. .\u00a0 . . 41<\/li>\r\n<li>F terms and C terms: the carriage-related terms. . . . . 42<\/li>\r\n<ul>\r\n<li>F terms: main carriage not paid by seller.. . . . . 42<\/li>\r\n<li>C terms: main carriage paid by seller. . .. . 43<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>D terms: delivered terms (DAP, DPU and DDP).\u00a0 . . 46<\/li>\r\n<\/ul>\r\n<p><br \/><strong>SELLER\u2019S AND BUYER\u2019S OBLIGATIONS: AN OVERVIEW. . . . 51<\/strong><\/p>\r\n<ul>\r\n<li>Sections A1 and B1: the obligation to exchange goods for money. .\u00a0 . . 52<\/li>\r\n<li>Sections A2 and B2: the seller\u2019s obligation to deliver and the buyer\u2019s obligation to take delivery.. . . 52<\/li>\r\n<ul>\r\n<li>The delivery obligation. . . . . 52<\/li>\r\n<li>Delivery at the seller\u2019s premises (EXW and FCA). . . . . 53<\/li>\r\n<li>Delivery at the buyer\u2019s premises . . . . 53<\/li>\r\n<li>Delivery at the waterfront under DAP and DPU. . . . . 53<\/li>\r\n<li>The buyer\u2019s acceptance of the seller\u2019s handing over for carriage. . . . . 54<\/li>\r\n<li>The buyer\u2019s obligation to receive the goods from the carrier . . . . . 54<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A3 and B3: the transfer from seller to buyer of the risk of loss of or damage to the goods. . . 54<\/li>\r\n<ul>\r\n<li>The \u201cprice risk\u201d.. . . . 54<\/li>\r\n<li>Premature transfer of risk. ..\u00a0 . 55<\/li>\r\n<li>Identification of the contract goods. . . . 55<\/li>\r\n<li>Using force majeure clauses to protect the seller from the \u201cbreach of contract risk\u201d. . . . 55<\/li>\r\n<li>Cases of delay. .. . . 55<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A2, B2 and A4, B4: division of functions between the parties.. . . 55<\/li>\r\n<ul>\r\n<li>For economy of transport, do not divide functions. .. . . 56<\/li>\r\n<li>Additional service to the buyer under the F terms. . . . 56<\/li>\r\n<li>The custom of the port. . . . . . 56<\/li>\r\n<li>Caution when using FOB if the custom of the port is not known . ..\u00a0 . 56<\/li>\r\n<li>Handing over to the carrier under the C terms . .. . . 57<\/li>\r\n<li>Dividing the costs of discharge at destination. . .. . . . 57<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A4 and B4: party to make the contract of carriage .\u00a0 . . . . 57<\/li>\r\n<li>Section A5: the seller\u2019s insurance obligation. . . . . . 57<\/li>\r\n<ul>\r\n<li>Freedom of insurance restricted . .. . . 58<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Section A6 and B6: the parties\u2019 duties to provide proof of delivery or of having taken delivery and the transport documents. .. .. . 58<\/li>\r\n<ul>\r\n<li>CFR, CIF and on board documents. . . .. . 58<\/li>\r\n<li>Surrender of original bill of lading essential. . . 59<\/li>\r\n<li>Non-negotiable transport documents.\u00a0 . . . 59<\/li>\r\n<li>Payment against sea waybills requires caution . . . . 59<\/li>\r\n<li>The problems of replacing bills of lading by electronic messages. . . . 59<\/li>\r\n<li>The \u201cusual transport document\u201d under CFR and CIF. . . . 60<\/li>\r\n<li>Transport document as proof of delivery. . . . 60<\/li>\r\n<li>Documents required to obtain delivery under D terms. . .\u00a0 . 60<\/li>\r\n<li>Transport documents for carriage by sea . . . . 61<\/li>\r\n<li>Delivery orders. . . . . 61<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A7 and B7: the obligation to clear the goods for export and import.\u00a0 .. . . 61<\/li>\r\n<ul>\r\n<li>Take precautions against the risk of export and import prohibitions. . . . 61<\/li>\r\n<li>Obtaining assistance to clear customs . . . 62<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A7 and B7: security measures and the changing role of customs .\u00a0 . . 62<\/li>\r\n<li>Sections A7 and B7: pre-shipment inspection. . . . 63<\/li>\r\n<li>Section A8: the seller\u2019s checking, packaging and marking obligations. .. . . 63<\/li>\r\n<li>Sections A9 and B9: division of costs between the parties. . . 64<\/li>\r\n<ul>\r\n<li>Main principle of distribution of costs .. . . 64<\/li>\r\n<li>The four main categories of costs. . . . 64<\/li>\r\n<li>Costs related to dispatch, carriage and delivery. . . . 64<\/li>\r\n<li>Costs for export, import and security clearance. .\u00a0 . 65<\/li>\r\n<li>Costs for services, assistance and information. . . 65<\/li>\r\n<li>Costs of insurance. . .. . . 65<\/li>\r\n<li>Cost distribution systems. . . . . 65<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A10 and B10: notices. . . . . 66<\/li>\r\n<ul>\r\n<li>Conditions for the buyer\u2019s giving notice. .. . 66<\/li>\r\n<li>Conditions for the seller\u2019s giving notice.. . . . 66<\/li>\r\n<li>Sufficient notice. . . . . 66<\/li>\r\n<li>Failure to give sufficient notice . . . . . 66<\/li>\r\n<\/ul>\r\n<\/ul>\r\n<p><br \/><strong>INCOTERMS\u00ae 2020, A DETAILED COMMENTARY<\/strong><\/p>\r\n<p><strong>Why 11 different Incoterms\u00ae rules? And what has changed from Incoterms\u00ae 2010?. . . . 67<\/strong><\/p>\r\n<ul>\r\n<li>A summary of the 11 Incoterms\u00ae rules . . .. 68<\/li>\r\n<li>What has changed in Incoterms\u00ae 2020?.. . . . 69<\/li>\r\n<\/ul>\r\n<p><br \/>GROUP I: ANY MODE OR MODES OF TRANSPORT\u00a0EXW \u2022 FCA \u2022 CPT \u2022 CIP \u2022 DAP \u2022 DPU \u2022 DDP.\u00a0 . . . 71<\/p>\r\n<ul>\r\n<li>EXW | EX WORKS. . .\u00a0 . . 72<\/li>\r\n<li>FCA | FREE CARRIER. . . . . 84<\/li>\r\n<li>CPT | CARRIAGE PAID TO. . .. . .100<\/li>\r\n<li>CIP | CARRIAGE AND INSURANCE PAID TO.. . .116<\/li>\r\n<li>DAP | DELIVERED AT PLACE. . . . .132<\/li>\r\n<li>DPU | DELIVERED AT PLACE UNLOADED. . . .146<\/li>\r\n<li>DDP | DELIVERED DUTY PAID. .. . . . .160<\/li>\r\n<\/ul>\r\n<p>GROUP II: RULES FOR SEA AND INLAND WATERWAY TRANSPORT\u00a0FAS \u2022 FOB \u2022 CFR \u2022 CIF. .\u00a0 . . . . .173<\/p>\r\n<ul>\r\n<li>FAS | FREE ALONGSIDE SHIP. . .. .174<\/li>\r\n<li>FOB | FREE ON BOARD. . . .\u00a0 . .187<\/li>\r\n<li>CFR | COST AND FREIGHT. . . . . . .200<\/li>\r\n<li>CIF | COST INSURANCE AND FREIGHT. .\u00a0 . . . . .216<\/li>\r\n<\/ul>\r\n<p><strong>ROLE OF THE INCOTERMS\u00ae RULES IN AN INTERNATIONAL CONTRACT OF SALE. . .. . .233<\/strong><\/p>\r\n<ul>\r\n<li>CHOICE OF TRADE TERMS. . . .234<\/li>\r\n<ul>\r\n<li>GROUP I: ANY MODE OR MODES OF TRANSPORT. .\u00a0 . .234<\/li>\r\n<li>GROUP II: SEA AND INLAND WATERWAY TRANSPORT.. . .234<\/li>\r\n<li>CHOICE WITHIN GROUP I. . . .\u00a0 .234<\/li>\r\n<li>CHOICE WITHIN GROUP II . .. . .234<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>THE INCOTERMSRULESINC ONJUNCTIONWITHO THERTERMS OF THE CONTRACT AS SET FORTH IN THE ICC INTERNATIONAL SALE CONTRACT . . . .235<\/li>\r\n<ul>\r\n<li>What happens if:. . . . . .235<\/li>\r\n<li>Answer:. . .235<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>THE INCOTERMS RULES IN CONJUNCTION WITH CISG. . . . .236<\/li>\r\n<ul>\r\n<li>What happens if:.. . .236<\/li>\r\n<li>Answer:. . . .236<\/li>\r\n<\/ul>\r\n<\/ul>\r\n<p><strong>TRANSFER OF RISK AND COST. . . . . .237<\/strong><\/p>\r\n<ul>\r\n<li>About the authors. . .. . . 238<\/li>\r\n<li>Publications . . .. . .239<\/li>\r\n<li>Digital Tools . . . . . .242<\/li>\r\n<\/ul>","label":"Table of content"},"authors":{"value":"<p>The ICC Guide to Incoterms\u00ae 2020 is presented by Johnny Herre and Oscar Tiberg (Former Chair and current Chair of the Swedish ICC Commercial Law & Practice Committee respectively.)\u00a0<\/p>","label":"Authors"}},"image":[{"thumb":"https:\/\/2go.iccwbo.org\/media\/catalog\/product\/cache\/f0eed8c49b05a5a279de03029e69388c\/i\/c\/icc-incoterms-2020-guide.jpg","img":"https:\/\/2go.iccwbo.org\/media\/catalog\/product\/cache\/e4d64343b1bc593f1c5348fe05efa4a6\/i\/c\/icc-incoterms-2020-guide.jpg","full":"https:\/\/2go.iccwbo.org\/media\/catalog\/product\/cache\/ecd051e9670bd57df35c8f0b122d8aea\/i\/c\/icc-incoterms-2020-guide.jpg","caption":"ICC Guide to Incoterms\u00ae 2020","position":"2","isMain":true,"type":"image","videoUrl":null}],"is_ajax_load":"0","preselect":{"data":{"138":"4"},"enabled":true},"stock_number":0,"stock_status":true,"url":"https:\/\/2go.iccwbo.org\/icc-guide-to-incoterms-2020.html","child":{"1106":{"entity":"1106","sku":"P805E","name":"ICC Guide to Incoterms\u00ae 2020","desc":"<p>The latest in a series of best-selling guides explaining how ICC\u2019s world-famous trade terms apply in practice, ICC Guide to Incoterms\u00ae 2020 provides answers to the most important and recurring questions that will be asked about the Incoterms\u00ae 2020 rules.<\/p>\r\n<p><strong><span>What is the Guide about?<\/span><\/strong><span><br \/> The Guide explains the changes since the last Incoterms\u00ae rules, looks at the differences between the terms, and provides an overview of buyers\u2019 and sellers\u2019 obligations. The guide also explains the evolution of the Incoterms\u00ae rules since 1936 and how they work in conjunction with contracts of sale, insurance and payment as well as the consequences following from the choice of the different terms. Detailed section-by-section comments on each of the Incoterms\u00ae rules are presented in a clear, user-friendly manner.\u00a0<\/span><span><br \/> <\/span><span>It is a lucidly written, practical book that is the standard support tool for all users of the Incoterms\u00ae 2020 rules.<\/span><\/p>\r\n<p><strong><span>Who will the Guide appeal to?<\/span><\/strong><span><br \/> Buyers, suppliers, lawyers, transport\/logistics companies, c<\/span><span>ustoms authorities, insurance professionals<\/span><span> and international business professors\/students.\u00a0\u00a0<\/span><span><\/span><\/p>","sdesc":"<p>The latest in a series of best-selling guides explaining how ICC\u2019s world-famous trade terms apply in practice, ICC Guide to Incoterms\u00ae 2020 provides answers to the most important and recurring questions that will be asked about the Incoterms\u00ae 2020 rules.<\/p>","meta_data":{"meta_title":"ICC Guide to Incoterms\u00ae 2020","meta_keyword":"ICC Guide to Incoterms 2020,EXW ,FCA,CPT,CIP,DAP,DPU,DDP","meta_description":"The latest in a series of best-selling guides explaining how ICC\u2019s world-famous trade terms apply in practice, ICC Guide to Incoterms\u00ae 2020 provides answers to the most important and recurring questions that will be asked about the Incoterms\u00ae 2020 rules."},"additional_info":{"tags":{"value":["incoterms","export-import","international-trade","icc-guides"],"label":"Product tags"},"book_version":{"value":"4","label":"Book version"},"isbn":{"value":"978-92-842-0522-6","label":"ISBN"},"number_pages":{"value":"244","label":"Number of pages"},"publishing_date":{"value":"2022-05-07 00:00:00","label":"Publishing date"},"language":{"value":"English","label":"Language"},"format_in_cm":{"value":"19.1*27.3","label":"Format in cm"},"background_color":{"value":"12","label":"Background color"},"stock_banner":{"value":"Special offer November 2024","label":"Stock banner"},"table_of_content":{"value":"<p><strong>INTRODUCTION . . . . 9<\/strong><\/p>\r\n<ul>\r\n<li>The evolution of the Incoterms\u00ae rules from 1936 to 2020 . . . 10<\/li>\r\n<li>Incoterms evolves with international trade. . . . 11<\/li>\r\n<li>Recent developments in the Incoterms\u00ae rules. . . . . 12<\/li>\r\n<li>The sales contract and additional contracts.\u00a0 . . . . 13<\/li>\r\n<\/ul>\r\n<p><strong>UNDERSTANDING THE INCOTERMS\u00ae RULES. . . . . 17<\/strong><\/p>\r\n<ul>\r\n<li>What are the Incoterms\u00ae rules and what can they do for you?\u00a0 . . . 18<\/li>\r\n<li>Referencing the Incoterms\u00ae rules in a contract of sale . . . . 18<\/li>\r\n<li>What the Incoterms\u00ae rules do not do for you . . . . 19<\/li>\r\n<li>The Incoterms\u00ae rules and contracting practice. . . . 21<\/li>\r\n<\/ul>\r\n<ul>\r\n<ul>\r\n<li>The need for interpretation of \u201ckey words\u201d . .\u00a0 . . 21<\/li>\r\n<li>The most common practice. .\u00a0 . . 21<\/li>\r\n<li>The FOB point. . .\u00a0 . . 22<\/li>\r\n<li>EXW and the seller\u2019s assistance. ..\u00a0 .. . 22<\/li>\r\n<li>Containerisation. . .. . . 22<\/li>\r\n<li>Checking how the goods are handed over for carriage. . . . 23<\/li>\r\n<li>The seller\u2019s duty to provide substitute goods . .\u00a0 . . 24<\/li>\r\n<li>Checking availability of documents required under the Incoterms\u00ae rule. .. . . 24<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Why are as many as 11 Incoterms\u00ae rules required? . .\u00a0 . . 24<\/li>\r\n<li>Which Incoterms\u00ae rule should be chosen?. . . . . 25<\/li>\r\n<ul>\r\n<li>Terms and business strategies.\u00a0 . . . 25<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and the contract of carriage. . .. . 25<\/li>\r\n<ul>\r\n<li>Charter parties. . .. . . 26<\/li>\r\n<li>Usual, normal and suitable carriage. .. . . 27<\/li>\r\n<li>The bill of lading. .. . . 27<\/li>\r\n<li>Sale of goods in transit. . . . . 28<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>The duties under the Incoterms\u00ae rules to load and unload the goods. .\u00a0 . . 28<\/li>\r\n<li>The duties connected to export and import clearance.. . . . 29<\/li>\r\n<ul>\r\n<li>Economic sanctions and export controls. . . . 29<\/li>\r\n<li>EXW and export formalities. .\u00a0 . . . 30<\/li>\r\n<li>Customs-free regions. . .. . . . 30<\/li>\r\n<li>Responsibility for charges. . . . . . 31<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and insurance. . . .. . . 31<\/li>\r\n<ul>\r\n<li>Insurance when the parties use FOB instead of FCA. . . . . 31<\/li>\r\n<li>Insurance under CIF and CIP. . . . . 32<\/li>\r\n<li>When insurance is excluded. . . . . . 32<\/li>\r\n<li>Risks of war and labour disturbances. . .. . 32<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and documentary credits. . . . . 32<\/li>\r\n<li>The Incoterms\u00ae rules and electronic commerce. . . . . 34<\/li>\r\n<li>Variations of the Incoterms\u00ae rules. . . . . 34<\/li>\r\n<ul>\r\n<li>Additions to EXW. .. . . 35<\/li>\r\n<li>Additions to FOB. . . . . 35<\/li>\r\n<li>Additions to FCA. . .. . . 35<\/li>\r\n<li>Additions to the C terms. . .\u00a0 . 35<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and other terms in the contract of sale. . .\u00a0 . 36<\/li>\r\n<ul>\r\n<li>Increase of costs after the contract is concluded. . . . . . 36<\/li>\r\n<li>Risk of performance if goods are lost or damaged. .. . . 37<\/li>\r\n<li>Non-conforming goods. . . . . 37<\/li>\r\n<li>Transfer of risk v. transfer of property rights. . ..\u00a0 . 37<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and dispute resolution. .\u00a0 \u00a0.\u00a0 . 37<\/li>\r\n<ul>\r\n<li>The choice of arbitration. . . .\u00a0 . . 37<\/li>\r\n<li>Jurisdiction of the arbitral tribunal. . . .. 38<\/li>\r\n<li>Alternatives to arbitration and litigation. . .\u00a0 \u00a0. . 38<\/li>\r\n<li>Need for specificity in referencing arbitration. . . . . 38<\/li>\r\n<\/ul>\r\n<\/ul>\r\n<p><br \/><strong>THE FOUR CATEGORIES OF INCOTERMS\u00ae RULES: MAIN COMPONENTS.. .\u00a0 . 39<\/strong><\/p>\r\n<ul>\r\n<li>Important differences between shipment and arrival contracts. . . . 40<\/li>\r\n<li>The abbreviations: E, F, C and D terms. . . . 40<\/li>\r\n<ul>\r\n<li>The Incoterms\u00ae 2020 rules. . . . 41<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>The term EXW: placing the goods at the disposal of the buyer. .\u00a0 . . 41<\/li>\r\n<li>F terms and C terms: the carriage-related terms. . . . . 42<\/li>\r\n<ul>\r\n<li>F terms: main carriage not paid by seller.. . . . . 42<\/li>\r\n<li>C terms: main carriage paid by seller. . .. . 43<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>D terms: delivered terms (DAP, DPU and DDP).\u00a0 . . 46<\/li>\r\n<\/ul>\r\n<p><br \/><strong>SELLER\u2019S AND BUYER\u2019S OBLIGATIONS: AN OVERVIEW. . . . 51<\/strong><\/p>\r\n<ul>\r\n<li>Sections A1 and B1: the obligation to exchange goods for money. .\u00a0 . . 52<\/li>\r\n<li>Sections A2 and B2: the seller\u2019s obligation to deliver and the buyer\u2019s obligation to take delivery.. . . 52<\/li>\r\n<ul>\r\n<li>The delivery obligation. . . . . 52<\/li>\r\n<li>Delivery at the seller\u2019s premises (EXW and FCA). . . . . 53<\/li>\r\n<li>Delivery at the buyer\u2019s premises . . . . 53<\/li>\r\n<li>Delivery at the waterfront under DAP and DPU. . . . . 53<\/li>\r\n<li>The buyer\u2019s acceptance of the seller\u2019s handing over for carriage. . . . . 54<\/li>\r\n<li>The buyer\u2019s obligation to receive the goods from the carrier . . . . . 54<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A3 and B3: the transfer from seller to buyer of the risk of loss of or damage to the goods. . . 54<\/li>\r\n<ul>\r\n<li>The \u201cprice risk\u201d.. . . . 54<\/li>\r\n<li>Premature transfer of risk. ..\u00a0 . 55<\/li>\r\n<li>Identification of the contract goods. . . . 55<\/li>\r\n<li>Using force majeure clauses to protect the seller from the \u201cbreach of contract risk\u201d. . . . 55<\/li>\r\n<li>Cases of delay. .. . . 55<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A2, B2 and A4, B4: division of functions between the parties.. . . 55<\/li>\r\n<ul>\r\n<li>For economy of transport, do not divide functions. .. . . 56<\/li>\r\n<li>Additional service to the buyer under the F terms. . . . 56<\/li>\r\n<li>The custom of the port. . . . . . 56<\/li>\r\n<li>Caution when using FOB if the custom of the port is not known . ..\u00a0 . 56<\/li>\r\n<li>Handing over to the carrier under the C terms . .. . . 57<\/li>\r\n<li>Dividing the costs of discharge at destination. . .. . . . 57<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A4 and B4: party to make the contract of carriage .\u00a0 . . . . 57<\/li>\r\n<li>Section A5: the seller\u2019s insurance obligation. . . . . . 57<\/li>\r\n<ul>\r\n<li>Freedom of insurance restricted . .. . . 58<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Section A6 and B6: the parties\u2019 duties to provide proof of delivery or of having taken delivery and the transport documents. .. .. . 58<\/li>\r\n<ul>\r\n<li>CFR, CIF and on board documents. . . .. . 58<\/li>\r\n<li>Surrender of original bill of lading essential. . . 59<\/li>\r\n<li>Non-negotiable transport documents.\u00a0 . . . 59<\/li>\r\n<li>Payment against sea waybills requires caution . . . . 59<\/li>\r\n<li>The problems of replacing bills of lading by electronic messages. . . . 59<\/li>\r\n<li>The \u201cusual transport document\u201d under CFR and CIF. . . . 60<\/li>\r\n<li>Transport document as proof of delivery. . . . 60<\/li>\r\n<li>Documents required to obtain delivery under D terms. . .\u00a0 . 60<\/li>\r\n<li>Transport documents for carriage by sea . . . . 61<\/li>\r\n<li>Delivery orders. . . . . 61<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A7 and B7: the obligation to clear the goods for export and import.\u00a0 .. . . 61<\/li>\r\n<ul>\r\n<li>Take precautions against the risk of export and import prohibitions. . . . 61<\/li>\r\n<li>Obtaining assistance to clear customs . . . 62<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A7 and B7: security measures and the changing role of customs .\u00a0 . . 62<\/li>\r\n<li>Sections A7 and B7: pre-shipment inspection. . . . 63<\/li>\r\n<li>Section A8: the seller\u2019s checking, packaging and marking obligations. .. . . 63<\/li>\r\n<li>Sections A9 and B9: division of costs between the parties. . . 64<\/li>\r\n<ul>\r\n<li>Main principle of distribution of costs .. . . 64<\/li>\r\n<li>The four main categories of costs. . . . 64<\/li>\r\n<li>Costs related to dispatch, carriage and delivery. . . . 64<\/li>\r\n<li>Costs for export, import and security clearance. .\u00a0 . 65<\/li>\r\n<li>Costs for services, assistance and information. . . 65<\/li>\r\n<li>Costs of insurance. . .. . . 65<\/li>\r\n<li>Cost distribution systems. . . . . 65<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A10 and B10: notices. . . . . 66<\/li>\r\n<ul>\r\n<li>Conditions for the buyer\u2019s giving notice. .. . 66<\/li>\r\n<li>Conditions for the seller\u2019s giving notice.. . . . 66<\/li>\r\n<li>Sufficient notice. . . . . 66<\/li>\r\n<li>Failure to give sufficient notice . . . . . 66<\/li>\r\n<\/ul>\r\n<\/ul>\r\n<p><br \/><strong>INCOTERMS\u00ae 2020, A DETAILED COMMENTARY<\/strong><\/p>\r\n<p><strong>Why 11 different Incoterms\u00ae rules? And what has changed from Incoterms\u00ae 2010?. . . . 67<\/strong><\/p>\r\n<ul>\r\n<li>A summary of the 11 Incoterms\u00ae rules . . .. 68<\/li>\r\n<li>What has changed in Incoterms\u00ae 2020?.. . . . 69<\/li>\r\n<\/ul>\r\n<p><br \/>GROUP I: ANY MODE OR MODES OF TRANSPORT\u00a0EXW \u2022 FCA \u2022 CPT \u2022 CIP \u2022 DAP \u2022 DPU \u2022 DDP.\u00a0 . . . 71<\/p>\r\n<ul>\r\n<li>EXW | EX WORKS. . .\u00a0 . . 72<\/li>\r\n<li>FCA | FREE CARRIER. . . . . 84<\/li>\r\n<li>CPT | CARRIAGE PAID TO. . .. . .100<\/li>\r\n<li>CIP | CARRIAGE AND INSURANCE PAID TO.. . .116<\/li>\r\n<li>DAP | DELIVERED AT PLACE. . . . .132<\/li>\r\n<li>DPU | DELIVERED AT PLACE UNLOADED. . . .146<\/li>\r\n<li>DDP | DELIVERED DUTY PAID. .. . . . .160<\/li>\r\n<\/ul>\r\n<p>GROUP II: RULES FOR SEA AND INLAND WATERWAY TRANSPORT\u00a0FAS \u2022 FOB \u2022 CFR \u2022 CIF. .\u00a0 . . . . .173<\/p>\r\n<ul>\r\n<li>FAS | FREE ALONGSIDE SHIP. . .. .174<\/li>\r\n<li>FOB | FREE ON BOARD. . . .\u00a0 . .187<\/li>\r\n<li>CFR | COST AND FREIGHT. . . . . . .200<\/li>\r\n<li>CIF | COST INSURANCE AND FREIGHT. .\u00a0 . . . . .216<\/li>\r\n<\/ul>\r\n<p><strong>ROLE OF THE INCOTERMS\u00ae RULES IN AN INTERNATIONAL CONTRACT OF SALE. . .. . .233<\/strong><\/p>\r\n<ul>\r\n<li>CHOICE OF TRADE TERMS. . . .234<\/li>\r\n<ul>\r\n<li>GROUP I: ANY MODE OR MODES OF TRANSPORT. .\u00a0 . .234<\/li>\r\n<li>GROUP II: SEA AND INLAND WATERWAY TRANSPORT.. . .234<\/li>\r\n<li>CHOICE WITHIN GROUP I. . . .\u00a0 .234<\/li>\r\n<li>CHOICE WITHIN GROUP II . .. . .234<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>THE INCOTERMSRULESINC ONJUNCTIONWITHO THERTERMS OF THE CONTRACT AS SET FORTH IN THE ICC INTERNATIONAL SALE CONTRACT . . . .235<\/li>\r\n<ul>\r\n<li>What happens if:. . . . . .235<\/li>\r\n<li>Answer:. . .235<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>THE INCOTERMS RULES IN CONJUNCTION WITH CISG. . . . .236<\/li>\r\n<ul>\r\n<li>What happens if:.. . .236<\/li>\r\n<li>Answer:. . . .236<\/li>\r\n<\/ul>\r\n<\/ul>\r\n<p><strong>TRANSFER OF RISK AND COST. . . . . .237<\/strong><\/p>\r\n<ul>\r\n<li>About the authors. . .. . . 238<\/li>\r\n<li>Publications . . .. . .239<\/li>\r\n<li>Digital Tools . . . . . .242<\/li>\r\n<\/ul>","label":"Table of content"},"authors":{"value":"<p>The ICC Guide to Incoterms\u00ae 2020 is presented by Johnny Herre and Oscar Tiberg (Former Chair and current Chair of the Swedish ICC Commercial Law & Practice Committee respectively.)\u00a0<\/p>","label":"Authors"},"old_url":{"value":"ICC Guide to Incoterms\u00ae 2020","label":"Old url"}},"image":[{"thumb":"https:\/\/2go.iccwbo.org\/media\/catalog\/product\/cache\/f0eed8c49b05a5a279de03029e69388c\/c\/o\/cover_.jpg","img":"https:\/\/2go.iccwbo.org\/media\/catalog\/product\/cache\/e4d64343b1bc593f1c5348fe05efa4a6\/c\/o\/cover_.jpg","full":"https:\/\/2go.iccwbo.org\/media\/catalog\/product\/cache\/ecd051e9670bd57df35c8f0b122d8aea\/c\/o\/cover_.jpg","caption":"ICC Guide to Incoterms\u00ae 2020","position":"2","isMain":true,"type":"image","videoUrl":null}],"stock_number":2,"stock_status":true,"minqty":0,"maxqty":0,"increment":0,"price":{"oldPrice":69,"basePrice":55,"finalPrice":55,"tier_price":[]}},"1107":{"entity":"1107","sku":"E805E","name":"ICC Guide to Incoterms\u00ae 2020","desc":"<p>The latest in a series of best-selling guides explaining how ICC\u2019s world-famous trade terms apply in practice, ICC Guide to Incoterms\u00ae 2020 provides answers to the most important and recurring questions that will be asked about the Incoterms\u00ae 2020 rules.<\/p>\r\n<p><strong><span>What is the Guide about?<\/span><\/strong><span><br \/> The Guide explains the changes since the last Incoterms\u00ae rules, looks at the differences between the terms, and provides an overview of buyers\u2019 and sellers\u2019 obligations. The guide also explains the evolution of the Incoterms\u00ae rules since 1936 and how they work in conjunction with contracts of sale, insurance and payment as well as the consequences following from the choice of the different terms. Detailed section-by-section comments on each of the Incoterms\u00ae rules are presented in a clear, user-friendly manner.\u00a0<\/span><span><br \/> <\/span><span>It is a lucidly written, practical book that is the standard support tool for all users of the Incoterms\u00ae 2020 rules.<\/span><\/p>\r\n<p><strong><span>Who will the Guide appeal to?<\/span><\/strong><span><br \/> Buyers, suppliers, lawyers, transport\/logistics companies, c<\/span><span>ustoms authorities, insurance professionals<\/span><span> and international business professors\/students.\u00a0\u00a0<\/span><span><\/span><\/p>","sdesc":"<p>The latest in a series of best-selling guides explaining how ICC\u2019s world-famous trade terms apply in practice, ICC Guide to Incoterms\u00ae 2020 provides answers to the most important and recurring questions that will be asked about the Incoterms\u00ae 2020 rules.<\/p>","meta_data":{"meta_title":"ICC Guide to Incoterms\u00ae 2020","meta_keyword":"ICC Guide to Incoterms\u00ae 2020","meta_description":"The latest in a series of best-selling guides explaining how ICC\u2019s world-famous trade terms apply in practice, ICC Guide to Incoterms\u00ae 2020 provides answers to the most important and recurring questions that will be asked about the Incoterms\u00ae 2020 rules."},"additional_info":{"tags":{"value":["incoterms","export-import","international-trade","icc-guides"],"label":"Product tags"},"book_version":{"value":"5","label":"Book version"},"isbn":{"value":"978-92-842-0522-6","label":"ISBN"},"number_pages":{"value":"244","label":"Number of pages"},"publishing_date":{"value":"2022-05-07 00:00:00","label":"Publishing date"},"language":{"value":"English","label":"Language"},"format_in_cm":{"value":"19.1*27.3","label":"Format in cm"},"background_color":{"value":"15","label":"Background color"},"stock_banner":{"value":"Special offer November 2024","label":"Stock banner"},"table_of_content":{"value":"<p><strong>INTRODUCTION . . . . 9<\/strong><\/p>\r\n<ul>\r\n<li>The evolution of the Incoterms\u00ae rules from 1936 to 2020 . . . 10<\/li>\r\n<li>Incoterms evolves with international trade. . . . 11<\/li>\r\n<li>Recent developments in the Incoterms\u00ae rules. . . . . 12<\/li>\r\n<li>The sales contract and additional contracts.\u00a0 . . . . 13<\/li>\r\n<\/ul>\r\n<p><strong>UNDERSTANDING THE INCOTERMS\u00ae RULES. . . . . 17<\/strong><\/p>\r\n<ul>\r\n<li>What are the Incoterms\u00ae rules and what can they do for you?\u00a0 . . . 18<\/li>\r\n<li>Referencing the Incoterms\u00ae rules in a contract of sale . . . . 18<\/li>\r\n<li>What the Incoterms\u00ae rules do not do for you . . . . 19<\/li>\r\n<li>The Incoterms\u00ae rules and contracting practice. . . . 21<\/li>\r\n<\/ul>\r\n<ul>\r\n<ul>\r\n<li>The need for interpretation of \u201ckey words\u201d . .\u00a0 . . 21<\/li>\r\n<li>The most common practice. .\u00a0 . . 21<\/li>\r\n<li>The FOB point. . .\u00a0 . . 22<\/li>\r\n<li>EXW and the seller\u2019s assistance. ..\u00a0 .. . 22<\/li>\r\n<li>Containerisation. . .. . . 22<\/li>\r\n<li>Checking how the goods are handed over for carriage. . . . 23<\/li>\r\n<li>The seller\u2019s duty to provide substitute goods . .\u00a0 . . 24<\/li>\r\n<li>Checking availability of documents required under the Incoterms\u00ae rule. .. . . 24<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Why are as many as 11 Incoterms\u00ae rules required? . .\u00a0 . . 24<\/li>\r\n<li>Which Incoterms\u00ae rule should be chosen?. . . . . 25<\/li>\r\n<ul>\r\n<li>Terms and business strategies.\u00a0 . . . 25<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and the contract of carriage. . .. . 25<\/li>\r\n<ul>\r\n<li>Charter parties. . .. . . 26<\/li>\r\n<li>Usual, normal and suitable carriage. .. . . 27<\/li>\r\n<li>The bill of lading. .. . . 27<\/li>\r\n<li>Sale of goods in transit. . . . . 28<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>The duties under the Incoterms\u00ae rules to load and unload the goods. .\u00a0 . . 28<\/li>\r\n<li>The duties connected to export and import clearance.. . . . 29<\/li>\r\n<ul>\r\n<li>Economic sanctions and export controls. . . . 29<\/li>\r\n<li>EXW and export formalities. .\u00a0 . . . 30<\/li>\r\n<li>Customs-free regions. . .. . . . 30<\/li>\r\n<li>Responsibility for charges. . . . . . 31<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and insurance. . . .. . . 31<\/li>\r\n<ul>\r\n<li>Insurance when the parties use FOB instead of FCA. . . . . 31<\/li>\r\n<li>Insurance under CIF and CIP. . . . . 32<\/li>\r\n<li>When insurance is excluded. . . . . . 32<\/li>\r\n<li>Risks of war and labour disturbances. . .. . 32<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and documentary credits. . . . . 32<\/li>\r\n<li>The Incoterms\u00ae rules and electronic commerce. . . . . 34<\/li>\r\n<li>Variations of the Incoterms\u00ae rules. . . . . 34<\/li>\r\n<ul>\r\n<li>Additions to EXW. .. . . 35<\/li>\r\n<li>Additions to FOB. . . . . 35<\/li>\r\n<li>Additions to FCA. . .. . . 35<\/li>\r\n<li>Additions to the C terms. . .\u00a0 . 35<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and other terms in the contract of sale. . .\u00a0 . 36<\/li>\r\n<ul>\r\n<li>Increase of costs after the contract is concluded. . . . . . 36<\/li>\r\n<li>Risk of performance if goods are lost or damaged. .. . . 37<\/li>\r\n<li>Non-conforming goods. . . . . 37<\/li>\r\n<li>Transfer of risk v. transfer of property rights. . ..\u00a0 . 37<\/li>\r\n<\/ul>\r\n<li>The Incoterms\u00ae rules and dispute resolution. .\u00a0 \u00a0.\u00a0 . 37<\/li>\r\n<ul>\r\n<li>The choice of arbitration. . . .\u00a0 . . 37<\/li>\r\n<li>Jurisdiction of the arbitral tribunal. . . .. 38<\/li>\r\n<li>Alternatives to arbitration and litigation. . .\u00a0 \u00a0. . 38<\/li>\r\n<li>Need for specificity in referencing arbitration. . . . . 38<\/li>\r\n<\/ul>\r\n<\/ul>\r\n<p><br \/><strong>THE FOUR CATEGORIES OF INCOTERMS\u00ae RULES: MAIN COMPONENTS.. .\u00a0 . 39<\/strong><\/p>\r\n<ul>\r\n<li>Important differences between shipment and arrival contracts. . . . 40<\/li>\r\n<li>The abbreviations: E, F, C and D terms. . . . 40<\/li>\r\n<ul>\r\n<li>The Incoterms\u00ae 2020 rules. . . . 41<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>The term EXW: placing the goods at the disposal of the buyer. .\u00a0 . . 41<\/li>\r\n<li>F terms and C terms: the carriage-related terms. . . . . 42<\/li>\r\n<ul>\r\n<li>F terms: main carriage not paid by seller.. . . . . 42<\/li>\r\n<li>C terms: main carriage paid by seller. . .. . 43<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>D terms: delivered terms (DAP, DPU and DDP).\u00a0 . . 46<\/li>\r\n<\/ul>\r\n<p><br \/><strong>SELLER\u2019S AND BUYER\u2019S OBLIGATIONS: AN OVERVIEW. . . . 51<\/strong><\/p>\r\n<ul>\r\n<li>Sections A1 and B1: the obligation to exchange goods for money. .\u00a0 . . 52<\/li>\r\n<li>Sections A2 and B2: the seller\u2019s obligation to deliver and the buyer\u2019s obligation to take delivery.. . . 52<\/li>\r\n<ul>\r\n<li>The delivery obligation. . . . . 52<\/li>\r\n<li>Delivery at the seller\u2019s premises (EXW and FCA). . . . . 53<\/li>\r\n<li>Delivery at the buyer\u2019s premises . . . . 53<\/li>\r\n<li>Delivery at the waterfront under DAP and DPU. . . . . 53<\/li>\r\n<li>The buyer\u2019s acceptance of the seller\u2019s handing over for carriage. . . . . 54<\/li>\r\n<li>The buyer\u2019s obligation to receive the goods from the carrier . . . . . 54<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A3 and B3: the transfer from seller to buyer of the risk of loss of or damage to the goods. . . 54<\/li>\r\n<ul>\r\n<li>The \u201cprice risk\u201d.. . . . 54<\/li>\r\n<li>Premature transfer of risk. ..\u00a0 . 55<\/li>\r\n<li>Identification of the contract goods. . . . 55<\/li>\r\n<li>Using force majeure clauses to protect the seller from the \u201cbreach of contract risk\u201d. . . . 55<\/li>\r\n<li>Cases of delay. .. . . 55<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A2, B2 and A4, B4: division of functions between the parties.. . . 55<\/li>\r\n<ul>\r\n<li>For economy of transport, do not divide functions. .. . . 56<\/li>\r\n<li>Additional service to the buyer under the F terms. . . . 56<\/li>\r\n<li>The custom of the port. . . . . . 56<\/li>\r\n<li>Caution when using FOB if the custom of the port is not known . ..\u00a0 . 56<\/li>\r\n<li>Handing over to the carrier under the C terms . .. . . 57<\/li>\r\n<li>Dividing the costs of discharge at destination. . .. . . . 57<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A4 and B4: party to make the contract of carriage .\u00a0 . . . . 57<\/li>\r\n<li>Section A5: the seller\u2019s insurance obligation. . . . . . 57<\/li>\r\n<ul>\r\n<li>Freedom of insurance restricted . .. . . 58<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Section A6 and B6: the parties\u2019 duties to provide proof of delivery or of having taken delivery and the transport documents. .. .. . 58<\/li>\r\n<ul>\r\n<li>CFR, CIF and on board documents. . . .. . 58<\/li>\r\n<li>Surrender of original bill of lading essential. . . 59<\/li>\r\n<li>Non-negotiable transport documents.\u00a0 . . . 59<\/li>\r\n<li>Payment against sea waybills requires caution . . . . 59<\/li>\r\n<li>The problems of replacing bills of lading by electronic messages. . . . 59<\/li>\r\n<li>The \u201cusual transport document\u201d under CFR and CIF. . . . 60<\/li>\r\n<li>Transport document as proof of delivery. . . . 60<\/li>\r\n<li>Documents required to obtain delivery under D terms. . .\u00a0 . 60<\/li>\r\n<li>Transport documents for carriage by sea . . . . 61<\/li>\r\n<li>Delivery orders. . . . . 61<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A7 and B7: the obligation to clear the goods for export and import.\u00a0 .. . . 61<\/li>\r\n<ul>\r\n<li>Take precautions against the risk of export and import prohibitions. . . . 61<\/li>\r\n<li>Obtaining assistance to clear customs . . . 62<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A7 and B7: security measures and the changing role of customs .\u00a0 . . 62<\/li>\r\n<li>Sections A7 and B7: pre-shipment inspection. . . . 63<\/li>\r\n<li>Section A8: the seller\u2019s checking, packaging and marking obligations. .. . . 63<\/li>\r\n<li>Sections A9 and B9: division of costs between the parties. . . 64<\/li>\r\n<ul>\r\n<li>Main principle of distribution of costs .. . . 64<\/li>\r\n<li>The four main categories of costs. . . . 64<\/li>\r\n<li>Costs related to dispatch, carriage and delivery. . . . 64<\/li>\r\n<li>Costs for export, import and security clearance. .\u00a0 . 65<\/li>\r\n<li>Costs for services, assistance and information. . . 65<\/li>\r\n<li>Costs of insurance. . .. . . 65<\/li>\r\n<li>Cost distribution systems. . . . . 65<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>Sections A10 and B10: notices. . . . . 66<\/li>\r\n<ul>\r\n<li>Conditions for the buyer\u2019s giving notice. .. . 66<\/li>\r\n<li>Conditions for the seller\u2019s giving notice.. . . . 66<\/li>\r\n<li>Sufficient notice. . . . . 66<\/li>\r\n<li>Failure to give sufficient notice . . . . . 66<\/li>\r\n<\/ul>\r\n<\/ul>\r\n<p><br \/><strong>INCOTERMS\u00ae 2020, A DETAILED COMMENTARY<\/strong><\/p>\r\n<p><strong>Why 11 different Incoterms\u00ae rules? And what has changed from Incoterms\u00ae 2010?. . . . 67<\/strong><\/p>\r\n<ul>\r\n<li>A summary of the 11 Incoterms\u00ae rules . . .. 68<\/li>\r\n<li>What has changed in Incoterms\u00ae 2020?.. . . . 69<\/li>\r\n<\/ul>\r\n<p><br \/>GROUP I: ANY MODE OR MODES OF TRANSPORT\u00a0EXW \u2022 FCA \u2022 CPT \u2022 CIP \u2022 DAP \u2022 DPU \u2022 DDP.\u00a0 . . . 71<\/p>\r\n<ul>\r\n<li>EXW | EX WORKS. . .\u00a0 . . 72<\/li>\r\n<li>FCA | FREE CARRIER. . . . . 84<\/li>\r\n<li>CPT | CARRIAGE PAID TO. . .. . .100<\/li>\r\n<li>CIP | CARRIAGE AND INSURANCE PAID TO.. . .116<\/li>\r\n<li>DAP | DELIVERED AT PLACE. . . . .132<\/li>\r\n<li>DPU | DELIVERED AT PLACE UNLOADED. . . .146<\/li>\r\n<li>DDP | DELIVERED DUTY PAID. .. . . . .160<\/li>\r\n<\/ul>\r\n<p>GROUP II: RULES FOR SEA AND INLAND WATERWAY TRANSPORT\u00a0FAS \u2022 FOB \u2022 CFR \u2022 CIF. .\u00a0 . . . . .173<\/p>\r\n<ul>\r\n<li>FAS | FREE ALONGSIDE SHIP. . .. .174<\/li>\r\n<li>FOB | FREE ON BOARD. . . .\u00a0 . .187<\/li>\r\n<li>CFR | COST AND FREIGHT. . . . . . .200<\/li>\r\n<li>CIF | COST INSURANCE AND FREIGHT. .\u00a0 . . . . .216<\/li>\r\n<\/ul>\r\n<p><strong>ROLE OF THE INCOTERMS\u00ae RULES IN AN INTERNATIONAL CONTRACT OF SALE. . .. . .233<\/strong><\/p>\r\n<ul>\r\n<li>CHOICE OF TRADE TERMS. . . .234<\/li>\r\n<ul>\r\n<li>GROUP I: ANY MODE OR MODES OF TRANSPORT. .\u00a0 . .234<\/li>\r\n<li>GROUP II: SEA AND INLAND WATERWAY TRANSPORT.. . .234<\/li>\r\n<li>CHOICE WITHIN GROUP I. . . .\u00a0 .234<\/li>\r\n<li>CHOICE WITHIN GROUP II . .. . .234<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>THE INCOTERMSRULESINC ONJUNCTIONWITHO THERTERMS OF THE CONTRACT AS SET FORTH IN THE ICC INTERNATIONAL SALE CONTRACT . . . .235<\/li>\r\n<ul>\r\n<li>What happens if:. . . . . .235<\/li>\r\n<li>Answer:. . .235<br \/><br \/><\/li>\r\n<\/ul>\r\n<li>THE INCOTERMS RULES IN CONJUNCTION WITH CISG. . . . .236<\/li>\r\n<ul>\r\n<li>What happens if:.. . .236<\/li>\r\n<li>Answer:. . . .236<\/li>\r\n<\/ul>\r\n<\/ul>\r\n<p><strong>TRANSFER OF RISK AND COST. . . . . .237<\/strong><\/p>\r\n<ul>\r\n<li>About the authors. . .. . . 238<\/li>\r\n<li>Publications . . .. . .239<\/li>\r\n<li>Digital Tools . . . . . .242<\/li>\r\n<\/ul>","label":"Table of content"},"authors":{"value":"<p>The ICC Guide to Incoterms\u00ae 2020 is presented by Johnny Herre and Oscar Tiberg (Former Chair and current Chair of the Swedish ICC Commercial Law & Practice Committee respectively.)\u00a0<\/p>","label":"Authors"},"old_url":{"value":"ICC Guide to Incoterms\u00ae 2020","label":"Old url"}},"image":[{"thumb":"https:\/\/2go.iccwbo.org\/media\/catalog\/product\/cache\/f0eed8c49b05a5a279de03029e69388c\/c\/o\/cover__1.jpg","img":"https:\/\/2go.iccwbo.org\/media\/catalog\/product\/cache\/e4d64343b1bc593f1c5348fe05efa4a6\/c\/o\/cover__1.jpg","full":"https:\/\/2go.iccwbo.org\/media\/catalog\/product\/cache\/ecd051e9670bd57df35c8f0b122d8aea\/c\/o\/cover__1.jpg","caption":"ICC Guide to Incoterms\u00ae 2020","position":"2","isMain":true,"type":"image","videoUrl":null}],"stock_number":24,"stock_status":true,"minqty":0,"maxqty":0,"increment":0,"price":{"oldPrice":55,"basePrice":44,"finalPrice":44,"tier_price":[]}}},"price":{"finalPrice":44}}, "jsonModuleConfig": {"enabled":"1","baseUrl":"https:\/\/2go.iccwbo.org\/media\/","CurrencySymbol":"\u20ac","currency_rate":{"EUR":1,"USD":"1.100000000000"},"fomatPrice":"{\"pattern\":\"\\u20ac%s\",\"precision\":2,\"requiredPrecision\":2,\"decimalSymbol\":\".\",\"groupSymbol\":\",\",\"groupLength\":3,\"integerRequired\":false}","tax":"1","tax_based_on":"billing","catalog_price_include_tax":"0","cross_border":"0","url_suffix":".html","video":[{"playIfBase":"1","showRelated":"0","videoAutoRestart":"0"}],"sku":"1","name":"1","desc":"1","stock":"1","tier_price":"1","images":"disabled","url":"1","preselect":"1","min_max":"1","increment":"1","additional_info":"1","meta_data":"1"}, "sdcp_classes": { "name": ".product-info .title", "sku": ".product-info .reference span.value", "fullDesc": { "label": "#tab-label-description", "blockContent": "#description" } }, "jsonSwatchImageSizeConfig": {"swatchImage":{"width":30,"height":20},"swatchThumb":{"height":90,"width":110}}, "magento21x": 0, "ajaxUrl": "https://2go.iccwbo.org/bss_sdcp/ajax/detail/" } } } </script> <script type="text/x-magento-init"> { ".book-config-item": { "Fidesio_Catalog/js/configurable": {} } } </script> <script> require(['jquery'], function ($) { $('#product_addtocart_form button.add-to-basket').on('click', function () { $('.book-config-item.active').trigger('click'); 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// en_US locale reference //]]> }); </script> </div> </div> <div class="product-options-bottom"> <div class="box-tocart"> <div class="fieldset"> <div class="field qty"> <label class="label" for="qty"><span>Qty</span></label> <div class="control"> <input type="number" name="qty" id="qty" value="1" title="Qty" class="input-text qty" data-validate="{"required-number":true,"validate-item-quantity":{"minAllowed":1,"maxAllowed":10000}}" /> </div> </div> <div class="actions"> <button type="submit" title="Add to Basket" class="action primary tocart" id="product-addtocart-button"> <span>Add to Basket</span> </button> <div id="instant-purchase" data-bind="scope:'instant-purchase'">  </div> <script type="text/x-magento-init"> { "#instant-purchase": { "Magento_Ui/js/core/app": {"components":{"instant-purchase":{"component":"Magento_InstantPurchase\/js\/view\/instant-purchase","config":{"template":"Magento_InstantPurchase\/instant-purchase","buttonText":"Instant Purchase","purchaseUrl":"https:\/\/2go.iccwbo.org\/instantpurchase\/button\/placeOrder\/"}}}} } } </script> </div> </div> </div> <script type="text/x-magento-init"> { "#product_addtocart_form": { "Magento_Catalog/js/validate-product": {} } } </script> </div> </div> <button type="submit" class="btn large orange add-to-basket"><span class="text-wrapper"><span class="text-wrapper-bis"><span class="text">Add to basket</span></span></span></button> </form> </div> </div> <div class="block-help"> <p class="text-style-23">You need help, more information or a quote ?</p> <a class="btn small blue icon-contact" href="https://2go.iccwbo.org/customer-service/"><span class="text-wrapper"><span class="text-wrapper-bis"><span class="text">Help Centre</span></span></span></a> </div> </div><div class="product-tabs" data-mage-init='{"tab_url":{}}'> <div class="mdc-tab-bar" role="tablist"> <div class="mdc-tab-scroller"> <div class="mdc-tab-scroller__scroll-area"> <div class="mdc-tab-scroller__scroll-content"> <button data-href="#tabContent1" data-url="#description" class="mdc-tab mdc-tab--active"> <span class="mdc-tab__content"> <span class="mdc-tab__text-label">Description</span> </span> <span class="mdc-tab-indicator mdc-tab-indicator--active"> <span class="mdc-tab-indicator__content mdc-tab-indicator__content--underline"></span> </span> <span class="mdc-tab__ripple"></span> </button> <button data-href="#tabContent2" data-url="#details" class="mdc-tab"> <span class="mdc-tab__content"> <span class="mdc-tab__text-label">Details</span> </span> <span class="mdc-tab-indicator"> <span class="mdc-tab-indicator__content mdc-tab-indicator__content--underline"></span> </span> <span class="mdc-tab__ripple"></span> </button> <button data-href="#tabContent3" data-url="#table_of_content" class="mdc-tab"> <span class="mdc-tab__content"> <span class="mdc-tab__text-label">Table of contents</span> </span> <span class="mdc-tab-indicator"> <span class="mdc-tab-indicator__content mdc-tab-indicator__content--underline"></span> </span> <span class="mdc-tab__ripple"></span> </button> <button data-href="#tabContent4" data-url="#authors" class="mdc-tab"> <span class="mdc-tab__content"> <span class="mdc-tab__text-label">Authors</span> </span> <span class="mdc-tab-indicator"> <span class="mdc-tab-indicator__content mdc-tab-indicator__content--underline"></span> </span> <span class="mdc-tab__ripple"></span> </button> </div> </div> </div> </div> <div class="product-tabs-content"> <div id="tabContent1" class="tab-content"> <div class="wysiwyg-content"> <p>The latest in a series of best-selling guides explaining how ICC’s world-famous trade terms apply in practice, ICC Guide to Incoterms® 2020 provides answers to the most important and recurring questions that will be asked about the Incoterms® 2020 rules.</p> <p><strong><span>What is the Guide about?</span></strong><span><br /> The Guide explains the changes since the last Incoterms® rules, looks at the differences between the terms, and provides an overview of buyers’ and sellers’ obligations. The guide also explains the evolution of the Incoterms® rules since 1936 and how they work in conjunction with contracts of sale, insurance and payment as well as the consequences following from the choice of the different terms. Detailed section-by-section comments on each of the Incoterms® rules are presented in a clear, user-friendly manner. </span><span><br /> </span><span>It is a lucidly written, practical book that is the standard support tool for all users of the Incoterms® 2020 rules.</span></p> <p><strong><span>Who will the Guide appeal to?</span></strong><span><br /> Buyers, suppliers, lawyers, transport/logistics companies, c</span><span>ustoms authorities, insurance professionals</span><span> and international business professors/students. </span><span></span></p> </div> </div> <div id="tabContent2" class="tab-content no-read-more"> <div class="wysiwyg-content"> <table class="custom-table"> <tbody> <tr> <td class="icon-book"> <strong>Code ISBN : </strong> </td> <td> 978-92-842-0522-6 </td> </tr> <tr> <td class="icon-info"> <strong>Weight : </strong> </td> <td> 0.9180 kgs </td> </tr> <tr> <td class="icon-book"> <strong>Number of pages : </strong> </td> <td> 244 </td> </tr> <tr> <td class="icon-clock"> <strong>Publishing date : </strong> </td> <td> 2022 </td> </tr> <tr> <td class="icon-planet"> <strong>Language : </strong> </td> <td> English </td> </tr> <tr> <td class="icon-level"> <strong>Format in cm : </strong> </td> <td> 19.1*27.3 </td> </tr> </tbody> </table> </div> </div> <div id="tabContent3" class="tab-content no-read-more"> <div class="wysiwyg-content"> <p><strong>INTRODUCTION . . . . 9</strong></p> <ul> <li>The evolution of the Incoterms® rules from 1936 to 2020 . . . 10</li> <li>Incoterms evolves with international trade. . . . 11</li> <li>Recent developments in the Incoterms® rules. . . . . 12</li> <li>The sales contract and additional contracts. . . . . 13</li> </ul> <p><strong>UNDERSTANDING THE INCOTERMS® RULES. . . . . 17</strong></p> <ul> <li>What are the Incoterms® rules and what can they do for you? . . . 18</li> <li>Referencing the Incoterms® rules in a contract of sale . . . . 18</li> <li>What the Incoterms® rules do not do for you . . . . 19</li> <li>The Incoterms® rules and contracting practice. . . . 21</li> </ul> <ul> <ul> <li>The need for interpretation of “key words” . . . . 21</li> <li>The most common practice. . . . 21</li> <li>The FOB point. . . . . 22</li> <li>EXW and the seller’s assistance. .. .. . 22</li> <li>Containerisation. . .. . . 22</li> <li>Checking how the goods are handed over for carriage. . . . 23</li> <li>The seller’s duty to provide substitute goods . . . . 24</li> <li>Checking availability of documents required under the Incoterms® rule. .. . . 24<br /><br /></li> </ul> <li>Why are as many as 11 Incoterms® rules required? . . . . 24</li> <li>Which Incoterms® rule should be chosen?. . . . . 25</li> <ul> <li>Terms and business strategies. . . . 25<br /><br /></li> </ul> <li>The Incoterms® rules and the contract of carriage. . .. . 25</li> <ul> <li>Charter parties. . .. . . 26</li> <li>Usual, normal and suitable carriage. .. . . 27</li> <li>The bill of lading. .. . . 27</li> <li>Sale of goods in transit. . . . . 28<br /><br /></li> </ul> <li>The duties under the Incoterms® rules to load and unload the goods. . . . 28</li> <li>The duties connected to export and import clearance.. . . . 29</li> <ul> <li>Economic sanctions and export controls. . . . 29</li> <li>EXW and export formalities. . . . . 30</li> <li>Customs-free regions. . .. . . . 30</li> <li>Responsibility for charges. . . . . . 31</li> </ul> <li>The Incoterms® rules and insurance. . . .. . . 31</li> <ul> <li>Insurance when the parties use FOB instead of FCA. . . . . 31</li> <li>Insurance under CIF and CIP. . . . . 32</li> <li>When insurance is excluded. . . . . . 32</li> <li>Risks of war and labour disturbances. . .. . 32</li> </ul> <li>The Incoterms® rules and documentary credits. . . . . 32</li> <li>The Incoterms® rules and electronic commerce. . . . . 34</li> <li>Variations of the Incoterms® rules. . . . . 34</li> <ul> <li>Additions to EXW. .. . . 35</li> <li>Additions to FOB. . . . . 35</li> <li>Additions to FCA. . .. . . 35</li> <li>Additions to the C terms. . . . 35</li> </ul> <li>The Incoterms® rules and other terms in the contract of sale. . . . 36</li> <ul> <li>Increase of costs after the contract is concluded. . . . . . 36</li> <li>Risk of performance if goods are lost or damaged. .. . . 37</li> <li>Non-conforming goods. . . . . 37</li> <li>Transfer of risk v. transfer of property rights. . .. . 37</li> </ul> <li>The Incoterms® rules and dispute resolution. . . . 37</li> <ul> <li>The choice of arbitration. . . . . . 37</li> <li>Jurisdiction of the arbitral tribunal. . . .. 38</li> <li>Alternatives to arbitration and litigation. . . . . 38</li> <li>Need for specificity in referencing arbitration. . . . . 38</li> </ul> </ul> <p><br /><strong>THE FOUR CATEGORIES OF INCOTERMS® RULES: MAIN COMPONENTS.. . . 39</strong></p> <ul> <li>Important differences between shipment and arrival contracts. . . . 40</li> <li>The abbreviations: E, F, C and D terms. . . . 40</li> <ul> <li>The Incoterms® 2020 rules. . . . 41<br /><br /></li> </ul> <li>The term EXW: placing the goods at the disposal of the buyer. . . . 41</li> <li>F terms and C terms: the carriage-related terms. . . . . 42</li> <ul> <li>F terms: main carriage not paid by seller.. . . . . 42</li> <li>C terms: main carriage paid by seller. . .. . 43<br /><br /></li> </ul> <li>D terms: delivered terms (DAP, DPU and DDP). . . 46</li> </ul> <p><br /><strong>SELLER’S AND BUYER’S OBLIGATIONS: AN OVERVIEW. . . . 51</strong></p> <ul> <li>Sections A1 and B1: the obligation to exchange goods for money. . . . 52</li> <li>Sections A2 and B2: the seller’s obligation to deliver and the buyer’s obligation to take delivery.. . . 52</li> <ul> <li>The delivery obligation. . . . . 52</li> <li>Delivery at the seller’s premises (EXW and FCA). . . . . 53</li> <li>Delivery at the buyer’s premises . . . . 53</li> <li>Delivery at the waterfront under DAP and DPU. . . . . 53</li> <li>The buyer’s acceptance of the seller’s handing over for carriage. . . . . 54</li> <li>The buyer’s obligation to receive the goods from the carrier . . . . . 54<br /><br /></li> </ul> <li>Sections A3 and B3: the transfer from seller to buyer of the risk of loss of or damage to the goods. . . 54</li> <ul> <li>The “price risk”.. . . . 54</li> <li>Premature transfer of risk. .. . 55</li> <li>Identification of the contract goods. . . . 55</li> <li>Using force majeure clauses to protect the seller from the “breach of contract risk”. . . . 55</li> <li>Cases of delay. .. . . 55<br /><br /></li> </ul> <li>Sections A2, B2 and A4, B4: division of functions between the parties.. . . 55</li> <ul> <li>For economy of transport, do not divide functions. .. . . 56</li> <li>Additional service to the buyer under the F terms. . . . 56</li> <li>The custom of the port. . . . . . 56</li> <li>Caution when using FOB if the custom of the port is not known . .. . 56</li> <li>Handing over to the carrier under the C terms . .. . . 57</li> <li>Dividing the costs of discharge at destination. . .. . . . 57<br /><br /></li> </ul> <li>Sections A4 and B4: party to make the contract of carriage . . . . . 57</li> <li>Section A5: the seller’s insurance obligation. . . . . . 57</li> <ul> <li>Freedom of insurance restricted . .. . . 58<br /><br /></li> </ul> <li>Section A6 and B6: the parties’ duties to provide proof of delivery or of having taken delivery and the transport documents. .. .. . 58</li> <ul> <li>CFR, CIF and on board documents. . . .. . 58</li> <li>Surrender of original bill of lading essential. . . 59</li> <li>Non-negotiable transport documents. . . . 59</li> <li>Payment against sea waybills requires caution . . . . 59</li> <li>The problems of replacing bills of lading by electronic messages. . . . 59</li> <li>The “usual transport document” under CFR and CIF. . . . 60</li> <li>Transport document as proof of delivery. . . . 60</li> <li>Documents required to obtain delivery under D terms. . . . 60</li> <li>Transport documents for carriage by sea . . . . 61</li> <li>Delivery orders. . . . . 61<br /><br /></li> </ul> <li>Sections A7 and B7: the obligation to clear the goods for export and import. .. . . 61</li> <ul> <li>Take precautions against the risk of export and import prohibitions. . . . 61</li> <li>Obtaining assistance to clear customs . . . 62<br /><br /></li> </ul> <li>Sections A7 and B7: security measures and the changing role of customs . . . 62</li> <li>Sections A7 and B7: pre-shipment inspection. . . . 63</li> <li>Section A8: the seller’s checking, packaging and marking obligations. .. . . 63</li> <li>Sections A9 and B9: division of costs between the parties. . . 64</li> <ul> <li>Main principle of distribution of costs .. . . 64</li> <li>The four main categories of costs. . . . 64</li> <li>Costs related to dispatch, carriage and delivery. . . . 64</li> <li>Costs for export, import and security clearance. . . 65</li> <li>Costs for services, assistance and information. . . 65</li> <li>Costs of insurance. . .. . . 65</li> <li>Cost distribution systems. . . . . 65<br /><br /></li> </ul> <li>Sections A10 and B10: notices. . . . . 66</li> <ul> <li>Conditions for the buyer’s giving notice. .. . 66</li> <li>Conditions for the seller’s giving notice.. . . . 66</li> <li>Sufficient notice. . . . . 66</li> <li>Failure to give sufficient notice . . . . . 66</li> </ul> </ul> <p><br /><strong>INCOTERMS® 2020, A DETAILED COMMENTARY</strong></p> <p><strong>Why 11 different Incoterms® rules? And what has changed from Incoterms® 2010?. . . . 67</strong></p> <ul> <li>A summary of the 11 Incoterms® rules . . .. 68</li> <li>What has changed in Incoterms® 2020?.. . . . 69</li> </ul> <p><br />GROUP I: ANY MODE OR MODES OF TRANSPORT EXW • FCA • CPT • CIP • DAP • DPU • DDP. . . . 71</p> <ul> <li>EXW | EX WORKS. . . . . 72</li> <li>FCA | FREE CARRIER. . . . . 84</li> <li>CPT | CARRIAGE PAID TO. . .. . .100</li> <li>CIP | CARRIAGE AND INSURANCE PAID TO.. . .116</li> <li>DAP | DELIVERED AT PLACE. . . . .132</li> <li>DPU | DELIVERED AT PLACE UNLOADED. . . .146</li> <li>DDP | DELIVERED DUTY PAID. .. . . . .160</li> </ul> <p>GROUP II: RULES FOR SEA AND INLAND WATERWAY TRANSPORT FAS • FOB • CFR • CIF. . . . . . .173</p> <ul> <li>FAS | FREE ALONGSIDE SHIP. . .. .174</li> <li>FOB | FREE ON BOARD. . . . . .187</li> <li>CFR | COST AND FREIGHT. . . . . . .200</li> <li>CIF | COST INSURANCE AND FREIGHT. . . . . . .216</li> </ul> <p><strong>ROLE OF THE INCOTERMS® RULES IN AN INTERNATIONAL CONTRACT OF SALE. . .. . .233</strong></p> <ul> <li>CHOICE OF TRADE TERMS. . . .234</li> <ul> <li>GROUP I: ANY MODE OR MODES OF TRANSPORT. . . .234</li> <li>GROUP II: SEA AND INLAND WATERWAY TRANSPORT.. . .234</li> <li>CHOICE WITHIN GROUP I. . . . .234</li> <li>CHOICE WITHIN GROUP II . .. . .234<br /><br /></li> </ul> <li>THE INCOTERMSRULESINC ONJUNCTIONWITHO THERTERMS OF THE CONTRACT AS SET FORTH IN THE ICC INTERNATIONAL SALE CONTRACT . . . .235</li> <ul> <li>What happens if:. . . . . .235</li> <li>Answer:. . .235<br /><br /></li> </ul> <li>THE INCOTERMS RULES IN CONJUNCTION WITH CISG. . . . .236</li> <ul> <li>What happens if:.. . .236</li> <li>Answer:. . . .236</li> </ul> </ul> <p><strong>TRANSFER OF RISK AND COST. . . . . .237</strong></p> <ul> <li>About the authors. . .. . . 238</li> <li>Publications . . .. . .239</li> <li>Digital Tools . . . . . .242</li> </ul> </div> </div> <div id="tabContent4" class="tab-content no-read-more"> <div class="wysiwyg-content"> <p>The ICC Guide to 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