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Incoterms 2020: main changes regarding conclusion and execution of international sales contracts

Author

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  • Konstantin Vladimirovich Kholopov

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

The author reviews and analyzes the main changes made in Incoterms 2020 compared to the previous edition. The author focuses on the changes with an obvious impact on conclusion and execution of international sales contracts. Particular attention is paid to the issues of transportation and logistics as well as of international trade paperwork. The author comments on the possibilities to confirm the delivery of goods under FCA with on-board bills of lading, domestic and international delivery of goods by one’s own facilities not resorting to carriers, the consequences of changing the level of insurance coverage under CIP, the renaming of DAT term to DPU and new obligations and expenses of the parties in international container shipping.

Suggested Citation

  • Konstantin Vladimirovich Kholopov, 2020. "Incoterms 2020: main changes regarding conclusion and execution of international sales contracts," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 1, pages 7-16, January.
    • Handle: RePEc:alq:rufejo:rfej_2020_01_7-16
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