Incoterms 2020: main changes regarding conclusion and execution of international sales contracts

Konstantin Vladimirovich Kholopov
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Konstantin Vladimirovich Kholopov: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2020, issue 1, 7-16

Abstract: The author reviews and analyzes the main changes made in Incoterms 2020 compared to the previous edition. The author focuses on the changes with an obvious impact on conclusion and execution of international sales contracts. Particular attention is paid to the issues of transportation and logistics as well as of international trade paperwork. The author comments on the possibilities to confirm the delivery of goods under FCA with on-board bills of lading, domestic and international delivery of goods by one’s own facilities not resorting to carriers, the consequences of changing the level of insurance coverage under CIP, the renaming of DAT term to DPU and new obligations and expenses of the parties in international container shipping.

Keywords: ICC rules for the use of domestic and international trade terms; Incoterms 2020; Incoterms 2010; changes in Incoterms; terms of delivery; on-board bill of lading; insurance coverage; DPU; international container shipping; SOLAS. (search for similar items in EconPapers)
Date: 2020
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