The International Chamber of Commerce (the “ICC”) has issued INCOTERMS® 2020 (short for ‎International Commercial Terms) to be effective January 1, 2020. INCOTERMS 2020 provides ‎an updated template ...
Incoterms® are a set of three-letter trade terms developed by the International Chamber of Commerce for shipping freight and determining the point of risk of loss from the seller to the buyer.