Incoterms® 2020 Rules Were Announced September 2019
The International Chamber of Commerce or ICC was founded in 1919 with the goal of facilitating international trade. After studies were conducted the Incoterms® Rules were born with the first version published 1936. The ICC will announce the new terms for Incoterms® 2020 on September 2019.
Frequently Asked Questions about Incoterms (FAQ)
What are Incoterms®?
The Incoterms® or International Commercial Terms are a set of pre-defined commercial terms published by the International Chamber of Commerce (ICC) which define responsibilities and obligations of sellers and buyers.
How do I find a class on Incoterms® 2018 or Incoterms® 2019?
There is no such thing. Incoterms® Rules are updated about every 10 years. See history of Incoterms® Rules below.
Do we have to switch to the new terms starting January 2020?
No, you do not have to switch. But it is highly recommended that you learn the new terms and find the term that best suits your company and customers. The updates are done to modernize the terms.
What you will learn
You will learn the new Incoterms® 2020 terms starting with our October classes. The new terms will be announced September 2019. Incoterms® 2010 Rules will still be reviewed because they will still be heavily used throughout the industry. Sign up now!
Incoterms® 2020 Rules or International Commercial Terms update were announced on September 2019. Take this Incoterms 2020 online course to understand who is responsible for insurance and when the transfer of risk moves from the Seller to the Buyer. Learn what changed with the 2020 International Commercial Terms.
Class is excellent for beginners and also serves as a refresher for experienced professionals. The instructor will level set the course based on attendees.
Learn more about our new Incoterms 2020 course here.
® Incoterms is a registered trademark of International Chamber of Commerce.
|Small Class Size|
|3.5 Hrs Teaching|
|Printed Book Included|
|Certificate of Completion|
|3.5 CES/CCS/CEU Credits|
Course has been approved to
Earn credits! See below