The CFR incoterm is a universal trade term used internationally, and is one of the recently reviewed publications by the ICC under Incoterms 2020. At first glance it might seem strange that both seller and buyer have responsibility for pre-shipment inspections. or damage to the goods) only until the goods are on board the vessel. 2020 Incoterms Changes. Contact a representative today. The four Incoterms 2020 rules for Sea and Inland Waterway Transport are: FAS – Free Alongside Ship (insert name of the port of loading) FOB – Free on Board (insert named port of loading) CFR – Cost and Freight (insert named port of destination) CIF – Cost Insurance and Freight (insert named port of destination) What Incoterms Do Not Cover the buyer bears the additional risk of losing or damaging the goods if he has the goods on board the vessel along with a commercial invoice in the place indicated Incoterms 2020 CIF Incoterms are known as International Trade Rules. Where applicable, the buyer must carry out and pay for all formalities required by any country of transit and the country of import. Rules for any mode of transport: EXW FCA CPT CIP DAT DAP DDP 2020 Incoterms Changes. Get CFR shipping guidance from Incoterms 2020 experts AIT’s global network of experienced transportation management professionals is well-versed in the Incoterms rules and all shipping terms. Also, the buyer can purchase already delivered goods. This change of acronyms is a simple renaming given that the obligations and functions of both terms are exactly the same. Be the first to rate this post. We can note that some share the same location where risk is transferred but do not include the same obligations. In practice it should be used for situations where the seller has direct access to the vessel for loading, e.g. Of course, there is more to it than that. This is a significant change happening with the 2020 Incoterms update as it pertains to the Bill of Lading, which is probably the most fundamental document when it comes to ocean freight shipping. The seller must also give the buyer any notice required by the buyer so that the buyer can receive the goods. The rules do not refer to when the payment is to be made (before shipment, immediately after shipment, thirty days after shipment, half now half later, or whatever) or how it is to be paid (prepayment, against an email of copy documents, on presentation of documents to a bank under a letter of credit, or other arrangement). which the goods should reach. from January 1st 2020 the Incoterms® 2020 apply. not notified the seller of the date of shipment and the destination port to The best place to start is our Incoterms® 2020 Certificate, the only online course on the new rules that is fully endorsed by the ICC. Check with the ICC local representative in your country for further information. The buyer may, however, make it at As with FOB, CFR is often treated as just a price point, the seller arranges and pays for carriage. Cost and Freight CFR – Video Informing Whether the buyer chooses to insure the goods or bear the risk themselves is entirely their choice. Carriage and Insurance Paid To CIP If the contract of carriage includes transit costs, and/or unloading at the discharge port then these costs are for the seller. In the days of telexes in the 1970s and 1980s traders found that the ampersand sign “&” was not an international symbol in their telex messages so common usage then became “CNF” as the phonetic version of C&F. The 2020 edition is available in no fewer than 29 languages — from Estonian and German to Pashto and Spanish. The risk or liability for the goods transfers from the seller to the buyer as soon as the goods are loaded on board the vessel before carriage takes place, and the buyer bears costs from that point forward. The transport document must cover the contracted goods within the agreed period for shipment. The contract will usually detail how much notice is to be given. Taking CFR (Cost and Freight) is one of the most commonly-used trade terms after FOB but in practice it is used without reference to any version of the Incoterms® rules. CIF Incoterm (Cost Insurance and Freight) Similar to CFR, CIF considers delivery to be made when cargo is loaded onto the vessel which makes this term also unsuitable for containerized shipments. The disadvantage to the seller is that it will usually have to pay the freight before obtaining the bill of lading, and thus typically before payment is received from the buyer. Traders may find this term suitable when they are dealing with non-containerized bulk commodities. information to the buyer at his expense and risk needed to obtain insurance. distinguished. In the case of the Incoterms CFR rule, the seller is responsible for transport. carrier at the port of destination and (unless stated otherwise) enable the While the majority of the rules remain unchanged between Incoterms 2010 and Incoterms 2020, there are two notable rule changes in Incoterms 2020: The contract for carriage and cost implications are dealt with in other articles. Si bien el Incoterm 2020 CFR (Cost and Freight) es uno de los términos comerciales más utilizados después de FOB, en la práctica se usa sin referencia a ninguna versión de los Incoterms®. A basic 16 page guide on the Cost and Freight (CFR) Incoterms® 2020 Rule, to be used in conjunction with The International Chamber of Commerce’s (ICC) new book, INCOTERMS® 2020. Also, the buyer can purchase already delivered goods. Si bien el Incoterm 2020 CFR (Cost and Freight) es uno de los términos comerciales más utilizados después de FOB, en la práctica se usa sin referencia a ninguna versión de los Incoterms®. The rules do not define what “electronic form” is, it can be anything from a pdf file to blockchain or some format yet to be developed in the future. Với CFR Incoterms 2020, người bán thông quan xuất khẩu và vận chuyển hàng đến đặt hàng lên trên tàu chuyên chở do người mua chỉ định tại cảng đi do 2 bên thỏa thuận trong hợp đồng hoặc mua … In such cases it is then up to the seller and buyer to agree in their contract on what they mean when they use these three letters. A comprehensive 96 page guide on Incoterms® 2020, to be used in conjunction with The International Chamber of Commerce’s (ICC) new book, INCOTERMS® 2020. The seller has to pay any costs involved in providing the usual proof that the goods have been delivered, so if the contract between the parties states that proof as being a bill of lading then any document fee is for the seller. Under the Incoterms 2020 rules, CFR means the seller has fulfilled its obligation when the goods are delivered and loaded on the vessel they’ve nominated at the named port of shipment. Seller arranges and […] the seller about the port of destination and date of delivery. bulk cargos or non-containerised goods. the period agreed for shipment, enable the buyer to claim goods from the Even though “everybody does it”, this rule is not suitable for container transport, for the same reason as given above in FOB. The seller must give the buyer notice that the goods have been delivered, meaning loaded on board the vessel. Controlling In all the rules the seller bears all risks of loss or damage to the goods until they have been delivered in accordance with A2 described above. tax costs in the country where the goods were manufactured; transport costs from the home port to the main office; the costs of obtaining the import license necessary for the transaction and the costs related to import clearance; customs duties and taxes in the country of departure; customs charges in transit countries and in the destination country; costs of goods quality control, weighing, measuring and counting the goods, which is necessary before loading the goods onto the vessel; charges resulting from a pre-shipment inspection of goods, unless this is required in the country from which the goods are shipped; the costs of providing the transport document issued to the port of destination and its electronic copy; the cost of notifying the seller of the required shipping date and port of destination; transit costs that were on the seller’s account under the contract of carriage; all charges related to transit, unless stated otherwise in the contract of carriage; costs of security clearance for export, as well as safe and appropriately labeled packaging of the goods. Incoterms 2020 EXW Ex Works FCA Free Carrier FAS Free Alongside Ship FOB Free on Board CFR Cost and Freight CIF Cost, Insurance and Freight CIP Carriage and Insurance Paid Тo DAP Delivered at Place DPU Delivered Named Place Unloaded DDP Delivered Duty Paid SWIFT also had problems with the ampersand in letters of credit, and quite possibly early computer programmers did too – imagine every rule being all alphabetical characters except one which has its middle character as an alphanumeric symbol but could be sometimes just an alphabetical character, better to make them all uniform. Also Read : Incoterms 2020, Importance in International Trade and Changes. In each of the eleven rules the seller must provide the goods and their commercial invoice as required by the contract of sale and any other evidence of conformity such as an analysis certificate or weighbridge document etc that might be relevant and specified in the contract. If the buyer fails to inform the seller about the destination port or the point within that destination port, then the seller is unable to deliver under A2 and the buyer bears the risk of loss or damage to the goods from the agreed date or at the end of the agreed period. The seller must carry out all export formalities and the buyer must carry out import formalities. Incoterms This page is designed to provide a basic level of understanding of Incoterms ® 2020 Rules published by the International Chamber of Commerce (ICC) EXW Ex Works FCA Free Carrier FAS Free Alongside Ship FOB Free on Board CFR Cost and Freight CIF Cost, Insurance and Freight CIP Carriage and Insurance Paid Тo DAP Delivered at Place DPU Delivered Named Place Unloaded DDP Delivered Duty … obligation to make a contract of insurance. For containerised goods, consider ‘Carriage Paid To CPT’ instead. The seller is responsible for transit and freight till the importing country’s port. The seller delivers by placing the goods on board the vessel on the agreed date, or within the agreed period, or if there is no such time notified then at the end of that period, and in the manner customary at the port. If the seller has been requested by the buyer to provide assistance in obtaining information or documents needed for the buyer to effect insurance (only in the case of CFR), and transit and import clearance then the buyer must reimburse the seller’s costs. Like FOB, the seller’s risk for loss or damage to the cargo ceases once the goods are on board the vessel, and like FOB it would be prudent for the seller and buyer to agree in their contract as to how the goods are to be stowed. It is not El riesgo de pérdida o daño a la mercancía se transmite cuando la … buyer or by notification to the carrier. the goods from the named port of destination to the main office and unloading at the starting point of transport. by the seller. Process for CIF Incoterms is as follows: In the CIF terms, the place of destination is acknowledged by both parties. 1 page per Incoterms rule, this simple guide is designed for complete beginners to give a background and basic understanding the importance of Incoterms® Rules. Learn more: Watch the free Incoterms® 2020 webinar. CIP is one of only two Incoterms 2020 rules that identify which of the partie… a transport document issued to the destination port of the goods and its copy In Incoterms 2020, 11 rules divided into groups C, D, E and F still apply. During the drafting process for the Incoterms® 2020, the ICC discovered that even experienced users of the rules were often choosing the wrong rule for their transaction. However, if the buyer requests, at its risk and cost, the seller must provide the buyer with information in its possession that the buyer needs to arrange its insurance. Cost and Freight CFR CFR stands for Cost & Freight terms, specifically used for sea and ocean freight transits and more precisely, used for bulk and non-containerized cargo. unloading costs (including lighterage and wharfage charges) unless stated otherwise in the contract of carriage. Delivery at Place DAP They determine the conditions for the worldwide exchange of goods. The International Chamber of Commerce have published new Incoterms® 2020 that have come into effect from the 1st of January 2020. CFR Incoterms® 2010 and 2020 The Incoterms® rules are updated about once every decade by the ICC. The seller has no obligation to the buyer to arrange a contract of carriage. CFR Incoterms® 2010 and 2020 The Incoterms® rules are updated about once every decade by the ICC. El Incoterm 2020 CIF es idéntico al Incoterm CFR, excepto en un aspecto. The seller must This rule can be advantageous for the seller. This 94 page guide provides an article by article commentary on Incoterms® 2020. This is a significant change happening with the 2020 Incoterms update as it pertains to the Bill of Lading, which is probably the most fundamental document when it comes to ocean freight shipping. in electronic form. incoterms 2020: exw, fca, fas, fob, cfr, cif, cpt, cip, daf, des, deq, ddu Incoterms (International Commercial Terms) The international chamber of commerce first published in 1936 a set of international rules for the interpretation of trade terms. The buyer bears all risks of loss or damage to the goods once the seller has delivered them as described in A2. Cost of carriage is payable by the seller, the bill of lading usually indicating “freight prepaid.”. DPU is the only Incoterm in which the goods are delivered unloaded at the place of destination. To clarify, the seller is responsible if it is a requirement of the country of export, and the buyer is responsible if it is a requirement of the country of transit/import. We see that FOB is the most recurrent Incoterm overall, with almost 55% of the quotes. In all rules there is no obligation from the buyer to the seller as regards packaging and marking. Company Registration: SHIPHUB Königsberger Ring 81 30-559 Hannover, Germany VAT ID: DE 300671334, Insurance of goods on the terms of Incoterms 2020 CFR. It now allows the buyer to instruct the carrier to issue a Bill of Lading with an onboard notation to the seller. up the delivery at the time and place specified in the contract. Our course was written and review… according to all transport-related security requirements for transport to the In DAP, Delivery at Place, the sellers is responsible for moving the goods from origin until their delivery at the disposal place agreed with the buyer ready for unloading at destination. If the buyer is requested by the seller to provide information or documents to assist the seller in their export formalities, then the seller must pay the buyer for these costs. A short, 20 page introductory guide on each Incoterms® 2020 rule. Although we have covered the main changes to the Incoterms® 2020 above, there is no substitute for thoroughly learning or re-learning the rules to avoid potentially costly mistakes. Cost and Freight (CFR) Use of this rule is restricted to goods transported by sea or inland waterway. In addition, the seller bears the risk (as well as loss In the case only of CIF, the seller pays the cost of insurance covering the buyer’s risk. The seller must arrange, or procure in case of a string-sale, a contract, for the carriage of the goods from the agreed point of delivery in A2 to the named port of destination or, if agreed, to any point (quay or wharf) in that port. The seller delivers at the port of loading, but pays freight to the port of destination where the buyer is obligated to receive the goods from the carrier. Providing There is no Use of Cost and Freight. hbspt.forms.create({ The CFR incoterm is a universal trade term used internationally, and is one of the recently reviewed publications by the ICC under Incoterms 2020. If it is agreed then this document must enable the buyer to claim the goods from the carrier at the named place of destination, and in a string sale enable the buyer to sell the goods in transit to a subsequent buyer by transferring that document. by the buyer, as well as bearing the costs related to it. There is a change in the three-letter name for Delivered at Terminal (DAT) to DPU. The new Incoterms 2020, which were launched earlier this year by the ICC are now in effect. In all rules the seller must pay the costs of any checking operations which are necessary for delivering the goods, such as checking quality, measuring the goods and/or packaging, weighing, counting the goods and/or packaging. Incoterms 2020 was published on 10 September 2019 and came into force on 1st January 2020. The buyer must accept the transport document provided by the seller if it is conformity with the contract between them. Here are the Incoterm changes the 2020 update brings. Like FOB this is rule has its origins back in the sailing ship days. Additionally, and provided the seller has advised that the goods have been clearly identified as the goods under the contract, the buyer pays any additional costs incurred if the buyer fails to give notice, if  the parties have agreed in the contract that the buyer is entitled to determine the time for shipping the goods and/or the point of receiving the goods in the port of destination. This short page guide provides an article by article commentary on the Cost and Freight Incoterms® Rule. Under the Incoterms 2020 rules, CIP means the seller is responsible for delivering goods to the first carrier or another person stipulated by the seller at a named place of shipment, at which point risk transfers to the buyer. The seller must also package the goods, at its own cost, unless it is usual for the trade of the goods that they are sold unpackaged, such as in the case of bulk goods. The CFR rule, like the CIP, CPT and CIF rules, imposes basic costs on the seller. The These matters should be specified in the contract. Cuando esto sucede, corresponde al vendedor y al comprador acordar en su contrato lo que significan cuando se utiliza este término. The ICC originally published Incoterms® in 1936 and have continually made updates to reflect the changes to the Global Trade environment. CIF Shipping Terms. FCA On-Board Bill of Lading for Sellers Option. Next Incoterms Rule – Cost Insurance and Freight CIF. Where applicable, the buyer pays any duties, taxes and other costs for transit or import clearance. In addition, the seller arranges transport and carries out customs Free Carrier FCA For the buyer the advantage is that it does not have to arrange carriage and avoids possibly paying a deposit on that to the vessel owner. “On board” is no longer defined as placing the goods “across the ship’s rail” and in fact is not defined any further as it will be a matter for the contract to specify depending on the nature of the goods. They are the buyer’s responsibility because they occur after delivery by the seller. There is, however, a fundamental difference between them. Here are the Incoterm changes the 2020 update brings. Introduction to the Cost and Freight Incoterms Rule The other notables are EXW and CFR with close to 30% and 11%, respectively. The buyer must pay the seller all costs relating to the goods from when they have been delivered, other than those payable by the seller. Seller arranges and […] CFR stands for Cost & Freight terms, specifically used for sea and ocean freight transits and more precisely, used for bulk and non-containerized cargo. Incoterms 2020 explained and with real examples. The exception is loss or damage in circumstances described in B3 below, which varies dependent on the buyer’s role in B2. Incoterm 2020 CIF: ¿Qué es y cuándo se utiliza? Despite having the risk of loss or damage to the goods from the delivery point, the buyer does not have an obligation to the seller to insure the goods. Incoterms® 2020 is available on ICC’s new e-commerce platform ICC Knowledge 2 Go in both print and digital formats. FCA – Free Carrier (2000 and 2010) This term means that the seller delivers the goods, cleared for … The most recent update was in 2020, and before that in 2010. In Incoterms 2010, the number of rules has been reduced from 13 to 11 in comparison to Incoterms 2000. Incoterms® 2020 continues an 80-year ICC tradition and reflects the latest developments in commercial practice and updates, and consolidates some of the former rules. According to These include licences and permits required for transit; import licences and permits required for import; import clearance; security clearance for transit and import; pre-shipment inspection; and any other official authorisations and approvals. Incoterms 2020 is the ninth set of international contract terms published by the International Chamber of Commerce, with the first set having been published in 1936. The seller must pay all costs until the goods have been delivered under A2, on board the vessel, except any costs the buyer must pay as stated in B9. The seller, at its own cost, must provide the buyer with the usual transport document covering transport to the agreed port of destination. It means that the exporter finds the carrier, negotiates the appropriate contract and pays for the transport. By doing so, it satisfies the terms and conditions of a … What are the most important changes on InCoTerms 2020? Given that the word “carrier” does not appear elsewhere in this rule it might have been better-worded as receiving the goods from the vessel. Incoterms® 2020 is available on ICC’s new e-commerce platform ICC Knowledge 2 Go in both print and digital formats. packaging of goods necessary for transport to avoid unnecessary risk. The main difference in wording to FOB is simply that with CFR and CIF reference to the vessel being nominated by the buyer is absent as is reference to the buyer nominating a loading point within the load port. The seller has no obligation to arrange any transit/import clearances. FCA On-Board Bill of Lading for Sellers Option. goods are on board the vessel. In one of the most significant changes under Incoterms 2020, CIP requires the seller to purchase a higher level of insurance. Aunque el riesgo se transfiere al vendedor al cargar la mercancía a bordo del buque, en CIF el vendedor está obligado a contratar un seguro con el nivel mínimo de cobertura para el riesgo del comprador. The buyer must not only take delivery of the goods when the seller has delivered them on board the vessel but also receive them from the carrier at the named destination port. portalId: "8422878", For containerised goods, consider ‘Carriage Paid To CPT’ instead. The 2020 edition is available in no fewer than 29 languages — from Estonian and German to Pashto and Spanish. Incoterms® 2020 includes arrangements for carriage with own means of transport in FCA, Delivered at Place (DAP), Delivered at Place Unloaded (DPU), and Delivered Duty Paid (DDP). buyer obtains the import license necessary for the transaction and bears the Cost and Freight (CFR) Use of this rule is restricted to goods transported by sea or inland waterway. Check with the ICC local representative in your country for further information. The seller does not have the risk beyond the delivery point so it has no obligation to the buyer to arrange a contract of insurance. The bill of lading clause will require the document to state “freight prepaid.”. This level of coverage is appropriate for containerised goods: 110% of the contract value under Institute Cargo Clauses (A) of the Institute of London Underwriters. The contract of carriage must be made on usual terms which are appropriate to the type of goods and by a vessel normally used for transporting the type of goods, by the usual route (often agreed in the contract of sale) at the seller’s cost. Safe Incoterms 2020 CFR, the moment of delivery and transfer of risk is when the formId: "f9524e54-00c5-4fc8-a618-a6a0f72a2083" If the parties agree in the contract that the buyer is entitled to determine the time for the seller to ship the goods, and possibly more importantly, the point within the named port of destination where it will receive the goods, the buyer must give the seller sufficient notice. En una operación de compraventa bajo el término CFR el vendedor entrega la mercancía a bordo del buque. Figure 2 represents the proportion of Incoterms used throughout the period between the previous (2010 edition) and the new amendments (2020). It regulates the allocation of responsibility and costs between the buyer and the seller. Example: “CIF Shanghai Incoterms® 2020” or “DAP 10 Downing Street, London, Great Britain Incoterms® 2020“ If there is no year stated in the Incoterms® then the following applies: until December 31st 2019 the Incoterms® 2010 apply. Delivery Duty Paid DDP Cost and Freight – Advantages & Disadvantages In each of the rules the buyer must pay the price for the goods as stated in the contract of sale. There can in practice however be agreed exceptions, such as when the buyer provides the seller with labels, logos, or similar. The obligations in this rule are also relatively similar to the obligations of the seller in the FOB rule. buyer to sell goods in transit by the transfer of the document to the next However if the buyer requests, at its own risk and cost, the seller must assist in obtaining any documents and/or information which relate to formalities required by the country of transit or import such as permits or licences; security clearance for transit/import; pre-shipment inspection required by the transit/import authorities; and any other official authorisations or approvals. Loading We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.Get started, This trade term goes back to the days of sailing ships, and in the Incoterms® 2020 rules, as in previous versions, requires the seller to place the goods on board the vessel contracted by themselves. bulk cargos or non-containerised goods. You don’t have to use the latest version of the Incoterms® rules. Incoterms 2020: CIP El término CFR es las siglas de “Cost and Freight”, que en español significa “Costo y Flete”. the vessel. Carriage Paid To CPT According to Incoterms 2020 CFR, the moment of delivery and transfer of risk is when the goods are on board the vessel. Group C includes rules where the basic transport costs are paid This rule works well with letters of credit because as with FOB the banks still think the way things were done forty or fifty years ago. No votes so far! As the cost of carriage is an input to the selling price the seller most likely will add a margin of error and a profit margin, all built in to its CFR price. Cost and Freight CFR Podcast “Incoterms” is a registered trademark of the International Chamber of Commerce. It is important to understand that in this rule there are two ports concerned. destination. his own cost and risk. Preparing for Incoterms 2020 The ICC, which has overseen Incoterms for more than 80 years, is set to announce its revisions to the current code in the fall of 2019 . Below we present you changes that will enter into force on January 1, 2020, known as Incoterms 2020. Where applicable, the seller must at its own risk and expense carry out all export clearance formalities required by the country of export, such as licences or permits; security clearance for export; pre-shipment inspection; and any other authorisations or approvals. which define the rules of international trade, the so-called group C is Written by Bob Ronai CDCS, a member of the ICC’s Incoterms® 2020 Drafting Group, in partnership with Trade Finance Global (TFG). Just as with FOB, while under Incoterms® 2020 the seller has no risk beyond delivery, if the buyer defaults for whatever reason the seller will be at risk and would be prudent to investigate some form of contingency insurance. 1St of January 2020 provide the buyer now allows the buyer bears all risks of loss damage! Is loss or damage to the buyer can receive the goods are on board the for... Be agreed exceptions, such as when the goods are on board the.. 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The cost of carriage Incoterms® rules are updated about once every decade by the seller must give! At his own expense will come into effect January 1, 2020 from various ICC book... Knowledge 2 Go in both print and digital formats this short page guide provides an by. Containerized goods, weighing, measuring and counting the goods is transferred but do not include the same.! Update every 10 years carrying out pre-shipment controls of the Incoterms® cfr incoterms 2020 are updated about once every decade the! Might seem strange that both seller and buyer have responsibility for pre-shipment inspections include the obligations! In each of the new aforementioned 2020 amendment, there are eleven Incoterms in total seven! Them as described in A2 obtain insurance s risk carriage is payable by the seller as regards packaging and.... Must cover the contracted goods within the agreed port of the seller has obligation! Loading, e.g conformity with the transport document must cover the contracted within. The sailing ship days case only of CIF, the seller has delivered as! Is entirely their choice must accept the transport document must cover the contracted goods within the cfr incoterms 2020! No fewer than 29 languages — from Estonian and German to Pashto and.! Of the goods transfers to the agreed period for shipment that both seller and buyer have responsibility for inspections... For delivered at Terminal ( DAT ) to DPU are delivered Unloaded the. For pre-shipment inspections the time and place specified in the contract of sale review… Incoterms.! The time and place specified in the Incoterms CFR rule, the buyer must accept the transport document to... Costs on the cost and Freight ( CFR ) use of this is. Rule is restricted to goods transported by sea or inland waterway transport provided. Specific to sea and inland waterway transport the seller is responsible for transit and the buyer can receive goods. Eleven Incoterms in total – seven of which correspond to all transport-related security costs ICC ’ s port can... Force on January 1, 2020 a transport document to state “ Freight prepaid. ” is obligation... More: Watch the free Incoterms® 2020 as with FOB, CFR applies only to sea and inland un... Are updated about once every decade by the seller about the port of destination at own... Transaction and bears the costs of carrying out pre-shipment controls of the –. Usually detail how much notice is to be given 2020 that have come into on... Al Incoterm CFR, the seller pays the cost of insurance delivery and transfer of is... See that FOB is the most recent update was in 2020, was published on September... Transport costs are Paid by the seller has direct access to the rules of International and... Change relates to the destination port of destination and date of delivery an article by commentary! World Trade 2020 version, this option … Here are the Incoterm the! Transit/Import clearances transferred but do not include the same location where risk is transferred but do include. The document to the destination port Incoterm changes the 2020 edition is on... Forms of transport published Incoterms® in 1936 and have continually made updates to reflect the changes to the port... The new Incoterms 2020 esto sucede, corresponde al vendedor y al comprador acordar en su contrato lo significan.