Incoterms® rules are a set of standards used in international and domestic contracts for the delivery of goods. 

Recognised by UNCITRAL as the global standard for the interpretation of the most common terms in foreign trade, ICC Incoterms rules help to avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers.   

The International Chamber of Commerce is currently offering a free guide ‘National Regulatory Barriers to the Incoterms 2020 Rules’ along with a free Incoterms 2020 wallchart, both of which can be downloaded here.

The guide breaks down the regional nuances that matter, helping traders, lawyers, buyers and sellers of goods, freight forwarders, customs and carriers professionals understand challenges that may arise when choosing the right Incoterms® rule for use in certain countries or regions.
 

How Essex Chambers can help 

The next date for our popular Incoterms® 2020 Training course is on Thursday 27th February from 9.30am-12.30pm.

This virtual half day workshop will explain each Incoterm® and their importance in international trade contracts.

It is essential that businesses understand Incoterms® as their use is vital for the successful movement of goods between customers and suppliers around the world. The misuse of these terms can lead to delays, penalties, problems with payment and more. 

In partnership with Essex County Council, Essex Chambers Members will be able to receive Funding for two places on our Trade Expert British Chambers of Commerce Accredited courses saving £200 per course, please contact the International Trade team for more information.