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INCOTERMS 2020: PRINCIPALES CAMBIOS

Posted September 07, 2018 at 13:09 pm



The new Incoterms 2020 are already being drafted within the "Camara de Comercio Internacional" (International Chamber of Commerce), which is the state agency that publishes them since 1930. In the last decades, a revision of the Incoterms has always been carried out coinciding with the first year of each of them: 1990, 2000, 2010, which is the latest version and which is currently in force.

The Incoterms 2020 are being developed by a Drafting Group, which for the first time have been incorporated representatives of China and Australia, although most of the members are European. This Group meets periodically to discuss different issues concerning the International Chamber of Commerce.

It is expected that the new Incoterms will appear in the last quarter of the year 2019, coinciding with the centenary of the International Chamber of Commerce, beginning on January 1, 2020.

Some of the new issues and changes that are being valued in the meetings of the Drafting Group, to incorporate into the new edition of the Incoterms 2020 are:

Elimination of Incoterms EXW and DDP

It would be a very important change, since EXW is an Incoterm that many companies with little export experience use, for its part DDP is also commonly used especially for goods that are shipped through express transport companies, which deal with all logistics and customs processing until delivery at the buyer's address. The justification for suppressing these two terms is that they are really domestic operations: in the case of EXW by the seller-exporter and in DDP by the buyer-importer. In addition, these two Incoterms contradict, in some way, the new Customs Code of the European Union since the responsibility of exporters and importers occurs once the export and import clearance has been carried out respectively.

Eliminación del Incoterm FAS

FAS (Free Alongside Ship) is an Incoterm underut



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