International Commercial Terms Rules (Các Quy tắc Thương mại Quốc tế)

The Incoterms® rules or International Commercial Terms are a set of predefined trade terms issued by the International Chamber of Commerce (ICC) and widely used in international trade transactions.

As a series of three-letter trade terms related to common sales practices, Incoterms rules primarily aim to clarify the responsibilities between buyers and sellers concerning duties, costs, and risks in the transportation and delivery of goods.

The Incoterms rules are recognized by governments, legal authorities, and professionals worldwide to interpret the most commonly used terms in international trade. They are designed to reduce or eliminate uncertainties caused by differences in interpretation across countries.

First published in 1936, the Incoterms rules have been periodically updated. The eighth edition—Incoterms 2010—was released on January 1, 2011. “Incoterms” is a registered trademark of the International Chamber of Commerce (ICC).

 

Incoterms 2020

Key Changes in Incoterms 2020

• DAT (Delivered at Terminal) has been replaced by DPU (Delivered at Place Unloaded).
• FCA (Free Carrier) now has two implementation options.
• CIP (Carriage and Insurance Paid To) now requires Clause A insurance coverage instead of C as before.
• A new section on cost allocation has been added to clarify responsibilities between buyers and sellers.
• Clarification of the customs procedures for export, transit, and import.
• FCA can now be used with a Bill of Lading with an “on board” notation if both parties agree.