{"id":245758,"date":"2020-02-24T11:52:14","date_gmt":"2020-02-24T09:52:14","guid":{"rendered":"https:\/\/eba.com.ua\/?post_type=article&p=245758"},"modified":"2020-02-24T14:15:54","modified_gmt":"2020-02-24T12:15:54","slug":"novi-pravyla-incoterms-2020-zminy-pro-yaki-vy-povynni-znaty","status":"publish","type":"post","link":"https:\/\/eba.com.ua\/en\/novi-pravyla-incoterms-2020-zminy-pro-yaki-vy-povynni-znaty\/","title":{"rendered":"[:ua]\u041d\u043e\u0432\u0456 \u043f\u0440\u0430\u0432\u0438\u043b\u0430 Incoterms\u00ae 2020: \u0437\u043c\u0456\u043d\u0438 \u043f\u0440\u043e \u044f\u043a\u0456 \u0432\u0438 \u043f\u043e\u0432\u0438\u043d\u043d\u0456 \u0437\u043d\u0430\u0442\u0438[:en]New Incoterms\u00ae 2020: The Changes You Need to Know[:]"},"content":{"rendered":"

<\/p>\n\t

\n\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t

Valeriia Kostenko<\/h4>\n\t\t\t\n\t\t\t\t\t\t\tJunior Legal Advisor \u00abAccountor Kyiv\u00bb<\/span>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\n

The Incoterms\u00ae are an important element of supply contracts as they inform the parties about the obligations, risks and expenses. Every ten years, the International Chamber of Commerce updates the Incoterms\u00ae, so that they comply with modern market conditions. The new Incoterms\u00ae 2020 take effect as of January 1, 2020.<\/p>\n

The parties may use Incoterms 2010 (as well as the earlier versions). However, the new Incoterms\u00ae 2020 corresponds to modern market conditions in a more precise way. Besides, the new Incoterms\u00ae 2020 bring legal accuracy and clarity. Below are the most important changes.<\/p>\n

    \n
  1. FCA (Free Carrier) and on-board bill of lading <\/strong>[1]<\/strong><\/a>. This rule now has an extra option: the parties may agree that after the loading of the goods, the buyer instructs its carrier to issue an on-board bill of lading to the seller. Meanwhile, the seller must tender the document to the buyer, usually through a bank.<\/li>\n
  2. Different levels of insurance coverage in CIF (Cost Insurance and Freight) and CIP (Carriage and Insurance Paid To)<\/strong>: under the Incoterms\u00ae 2010, the CIF and CIP both had a default minimal level of coverage if the parties had not agreed otherwise. Under the Incoterms\u00ae 2020, there are different insurance coverages for the CIF and CIP rules. E.g., CIF paid by the seller will remain with the minimal default level of coverage. However, if the parties agree to CIP, the seller is now obliged to cover all the risks. Both CIF and CIP allow the parties to agree upon different insurance coverage.<\/li>\n
  3. DAT (Delivered at Terminal) changed to DPU (Delivered at Place Unloaded)<\/strong>: DAT has been renamed as DPU to indicate that the place of destination can be any place and not just a terminal.<\/li>\n
  4. Arrangements for carriage with own means of transportation of the buyer or the seller<\/strong> under the rules for FCA (Free Carrier), DAP (Delivered at Place), DPU (Delivered at Place Unloaded), and DDP (Delivered Duty Paid).<\/li>\n
  5. More detailed security-related obligations included in each item of the articles A4 and A7 <\/strong>of the Incoterms\u00ae 2020. There is also a more detailed description of the costs related to these requirements which the parties bear. The parties need to ensure that the selected Incoterms\u00ae rule corresponds with their agreements.<\/li>\n
  6. A convenient list of expenses: <\/strong>all costs related to fulfilling the conditions of Incoterms\u00ae 2020 are listed in the A9\/B9 \u201cAllocation Cost\u201d article to ensure that both the seller and the buyer are informed of the costs each of them is responsible for under the Incoterms\u00ae 2020.<\/li>\n<\/ol>\n

    When applying Incoterms\u00ae, we recommend that the parties first analyze the following questions: \u00a0<\/p>\n

      \n
    1. Which Incoterms\u00ae version applies to your contractual relationship? When making a deal, the parties must decide which Incoterms\u00ae version (which year) they are going to use. To avoid misunderstandings with the place of delivery, we recommend that the parties make a very precise indication (in compliance with the relevant Incoterms\u00ae rule) of the port, place or point depending on delivery conditions. \u00a0<\/li>\n
    2. Does the selected Incoterms\u00ae rule comply with your agreements, particularly in terms of risks and expenses?<\/li>\n
    3. Does the selected Incoterms\u00ae rule comply with the rules and terms set in the contracts with logistics service providers (freight forwarders, carriers, customs agents, etc.)?<\/li>\n<\/ol>\n

      If you need professional advice on how to use Incoterms\u00ae, we will be happy to help. Contact us!<\/p>\n

      [1]<\/a> the document proving that the goods have been loaded on-board<\/p>\n

      <\/p>","protected":false},"excerpt":{"rendered":"

      The Incoterms\u00ae are an important element of supply contracts as they inform the parties about the obligations, risks and expenses. Every ten years, the International Chamber of Commerce updates the Incoterms\u00ae, so that they comply with modern market conditions. The new Incoterms\u00ae 2020 take effect as of January 1, 2020. The parties may use Incoterms […]<\/p>\n","protected":false},"author":4489,"featured_media":245850,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[24,23],"tags":[],"yoast_head":"\nNew Incoterms\u00ae 2020: The Changes You Need to Know - European Business Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eba.com.ua\/novi-pravyla-incoterms-2020-zminy-pro-yaki-vy-povynni-znaty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Incoterms\u00ae 2020: The Changes You Need to Know - European Business Association\" \/>\n<meta property=\"og:description\" content=\"The Incoterms\u00ae are an important element of supply contracts as they inform the parties about the obligations, risks and expenses. Every ten years, the International Chamber of Commerce updates the Incoterms\u00ae, so that they comply with modern market conditions. The new Incoterms\u00ae 2020 take effect as of January 1, 2020. The parties may use Incoterms […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eba.com.ua\/novi-pravyla-incoterms-2020-zminy-pro-yaki-vy-povynni-znaty\/\" \/>\n<meta property=\"og:site_name\" content=\"European Business Association\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-24T09:52:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-24T12:15:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/eba.com.ua\/wp-content\/uploads\/2020\/02\/IMG_6759.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"733\" \/>\n\t<meta property=\"og:image:height\" content=\"733\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Katia Chaikovska\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Katia Chaikovska\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/eba.com.ua\/novi-pravyla-incoterms-2020-zminy-pro-yaki-vy-povynni-znaty\/\",\"url\":\"https:\/\/eba.com.ua\/novi-pravyla-incoterms-2020-zminy-pro-yaki-vy-povynni-znaty\/\",\"name\":\"[:ua]\u041d\u043e\u0432\u0456 \u043f\u0440\u0430\u0432\u0438\u043b\u0430 Incoterms\u00ae 2020: \u0437\u043c\u0456\u043d\u0438 \u043f\u0440\u043e \u044f\u043a\u0456 \u0432\u0438 \u043f\u043e\u0432\u0438\u043d\u043d\u0456 \u0437\u043d\u0430\u0442\u0438[:en]New Incoterms\u00ae 2020: The Changes You Need to Know[:] - 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