📚 In 2020, the Incoterms were updated, with 5 terms being replaced and 11 remaining in the new edition.
🌍 The Incoterms are important for logistics and customs professionals involved in import and export, as they will come into effect on January 1st of the following year.
🔄 The updated Incoterms have been reorganized into two classifications: those that apply to all modes of transportation and those that apply to specific modes of transportation.
📦 INCOTERMS 2020 are divided into two categories: for all types of transport and specifically for maritime transport.
🚢 When the main mode of transportation is maritime, the specific INCOTERMS for maritime transport are applicable.
📊 The INCOTERMS XW and FCA are examples of specific INCOTERMS for maritime transport.
🗂️ INCOTERMS 2020: Explanation and changes.
🚚 CTT: Transport Paid To - unchanged in the new edition.
📦 CIP: Carriage and Insurance Paid To - significant changes in insurance coverage.
🌍 DAT: Delivered at Terminal - a new term introduced in INCOTERMS 2020.
📦 The new incoterm is a comprehensive service provided by the exporter to the importer.
⛴️ There are five commonly used maritime transportation terms: fast, free, alonso, chip, and pop.
💰 The terms CFR, CIF, and FOB are widely used in international trade.
💯 INCOTERMS 2020 is explained in an easy way.
💡 There is an online course available for learning about INCOTERMS 2020.
✍️ The course covers the changes and impacts of INCOTERMS 2020 on industries and the responsibilities of exporters and importers.
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