ICC, the International Chamber of Commerce is working on adapting the current Incoterms®2010 and will in September announce the new Incoterms®2020.

In practice, this means that by the 1th of January 2020, a new set of Incoterms will be in effect and from that date all purchase and sale contracts will refer to Incoterms®2020.

Incoterms describes the risks, responsibilities and obligations of buyers and sellers in connection with international trade. For example, when the responsibility passes from seller to buyer.

We do not know the new Incoterms®2020 yet but expect to be able to present them in a new edition during fall 2019.

You will find DB Schenker's description of Incoterms®2010 here.

We will update our website as soon as we have the latest information.