Post by khatunejannat on Feb 15, 2024 1:44:11 GMT -5
The new version of the Incoterms 2020 of the International Chamber of Commerce is now available. The International Chamber of Commerce published on September 10, 2019 the update of the International Trade rules, these 11 terms come into force on January 1, 2020 and aim to facilitate international transactions in today's markets, each increasingly globalized. What are incoterms? The word Incoterms comes from English (International Commercial Terms). They are the most widespread applied rules (non-mandatory) that help carry out international transactions between companies and organizations. The first Incoterm was created in 1812 in the British Courts and is one of the most widespread worldwide, the FOB (Free on Board) which in Spanish means “Free on Board.
It took more than 83 years for more incoterms to be added to the existing one. Already in 1936, the International Chamber of Commerce created the first version of Cuba Email List Incoterms, which had 6 rules that allowed international trade practices to be standardized . Starting in 1936, the International Chamber of Commerce continued this work of updating these rules to adapt them to the needs of the markets. At first these updates were done as needed. However, over the years the International Chamber of Commerce has established that these rules be updated every 10 years. The version that was worked with until December 2019 was the 2010 version which had 11 rules or terms. Classified by Groups: As mentioned in the introduction to this article, in September 2019 the International Chamber of Commerce made the last update of the Incoterms .
The new rules do not present major changes in general terms, because 11 Incoterms are maintained. But it is important to take into account the changes that have occurred. Incoterms 2020 Do you want to master the most used standards in international trade? You now have Incoterms 2020 available in the Introduction to Logistics and Supply Logistics course . Where it is explained in detail how and when each of these international trade rules are used. To briefly preview the contents, which you can find in our training offer , the new classification and the acronyms of the 11 new terms will be explained below.
It took more than 83 years for more incoterms to be added to the existing one. Already in 1936, the International Chamber of Commerce created the first version of Cuba Email List Incoterms, which had 6 rules that allowed international trade practices to be standardized . Starting in 1936, the International Chamber of Commerce continued this work of updating these rules to adapt them to the needs of the markets. At first these updates were done as needed. However, over the years the International Chamber of Commerce has established that these rules be updated every 10 years. The version that was worked with until December 2019 was the 2010 version which had 11 rules or terms. Classified by Groups: As mentioned in the introduction to this article, in September 2019 the International Chamber of Commerce made the last update of the Incoterms .
The new rules do not present major changes in general terms, because 11 Incoterms are maintained. But it is important to take into account the changes that have occurred. Incoterms 2020 Do you want to master the most used standards in international trade? You now have Incoterms 2020 available in the Introduction to Logistics and Supply Logistics course . Where it is explained in detail how and when each of these international trade rules are used. To briefly preview the contents, which you can find in our training offer , the new classification and the acronyms of the 11 new terms will be explained below.