Subscribe to our Mailing Lists (It's free!)
Saturday, December 2, 2023
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Measures against oil fires onboard

    DNV: Addressing the surge in engine room fires on container ships

    Lessons learned: Consider the weather forecast when selecting a safe anchorage

    Lessons learned: Confined space fatalities due to Hydrogen Sulphide

    American Club animation

    Watch: American Club’s animation emphasizes near miss reporting

    Lloyd's Register

    LR: New provisions on the supervision and administration of vessels under special follow-up

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Prediabetes is a serious health condition: What you need to know

    Prediabetes is a serious health condition: What you need to know

    Stay SEAFiT: Why Musculoskeletal Health matters

    Stay SEAFiT: Why Musculoskeletal Health matters

    Book Review: A role model for ship managers

    Book Review: How technology will transform the work of human experts

    Why we should start talking about mentoring in shipping

    Why we should start talking about mentoring in shipping

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    center for zero carbon shipping green corridors

    US, Denmark, and Center for Zero Carbon Shipping collaborate on Global South Green Corridors

    AD ports Oil Tankers

    AD Ports Group expands shipping operations with acquisition of specialized oil tankers

    Wartsila 4 vessels

    Wärtsilä secures contract to supply CHS for four new medium gas carrier vessels

    UMAS: Key questions addressing the 2023 IMO GHG strategy

    GMF: The implications of the IMO revised GHG Strategy for shipping

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    K Line tests Autonomous navigation onboard RORO

    Autonomous navigation system successfully tested onboard RORO

    pil cargo screening tool

    Danelec expands maritime digitalization with Nautilus Labs’ AI technology platform

    carnival cyber security

    Swedish Club to offer cyber security insurance from 2024

    Shortlisted nominees announced for the 2024 SMART4SEA Awards

    Shortlisted nominees announced for the 2024 SMART4SEA Awards

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    fire onboard cargo vessel

    RISK4SEA announces CIC Preliminary Results on fire safety (September – October)

    Port State Control (PSC) inspections

    BMA: Key requirements for Port State Control inspections

    Port,Alma,,Australia

    AMSA bans third ship from poor-performing operator

    malaysia detains tanker

    UK MCA: Foreign flagged ships detained in the UK during October 2023

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    nord stream

    Baltic Exchange: Maritime market highlights 27 November – 1 December

    BIMCO Outlook on Dry Bulk: Muted fleet growth helps maintain market balance

    BIMCO Outlook on Dry Bulk: Muted fleet growth helps maintain market balance

    Mr. Dominguez Velasco

    Arsenio Dominguez Velasco confirmed as next IMO Secretary-General

    canada aerial surveillance

    Gard: IMO’s voluntary speed restriction scheme and WSC Whale Chart

  • Columns
    Career Paths: Nikeel Idnani, PPG and IMarEST

    Career Paths: Nikeel Idnani, PPG and IMarEST

    International Propeller Club: A balance between environmental goals and economic realities is vital

    International Propeller Club: A balance between environmental goals and economic realities is vital

    UK Club: Digitization plays a pivotal role in enhancing fire safety onboard

    UK Club: Digitization plays a pivotal role in enhancing fire safety onboard

    Trending Tags

    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Measures against oil fires onboard

    DNV: Addressing the surge in engine room fires on container ships

    Lessons learned: Consider the weather forecast when selecting a safe anchorage

    Lessons learned: Confined space fatalities due to Hydrogen Sulphide

    American Club animation

    Watch: American Club’s animation emphasizes near miss reporting

    Lloyd's Register

    LR: New provisions on the supervision and administration of vessels under special follow-up

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Prediabetes is a serious health condition: What you need to know

    Prediabetes is a serious health condition: What you need to know

    Stay SEAFiT: Why Musculoskeletal Health matters

    Stay SEAFiT: Why Musculoskeletal Health matters

    Book Review: A role model for ship managers

    Book Review: How technology will transform the work of human experts

    Why we should start talking about mentoring in shipping

    Why we should start talking about mentoring in shipping

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    center for zero carbon shipping green corridors

    US, Denmark, and Center for Zero Carbon Shipping collaborate on Global South Green Corridors

    AD ports Oil Tankers

    AD Ports Group expands shipping operations with acquisition of specialized oil tankers

    Wartsila 4 vessels

    Wärtsilä secures contract to supply CHS for four new medium gas carrier vessels

    UMAS: Key questions addressing the 2023 IMO GHG strategy

    GMF: The implications of the IMO revised GHG Strategy for shipping

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    K Line tests Autonomous navigation onboard RORO

    Autonomous navigation system successfully tested onboard RORO

    pil cargo screening tool

    Danelec expands maritime digitalization with Nautilus Labs’ AI technology platform

    carnival cyber security

    Swedish Club to offer cyber security insurance from 2024

    Shortlisted nominees announced for the 2024 SMART4SEA Awards

    Shortlisted nominees announced for the 2024 SMART4SEA Awards

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    fire onboard cargo vessel

    RISK4SEA announces CIC Preliminary Results on fire safety (September – October)

    Port State Control (PSC) inspections

    BMA: Key requirements for Port State Control inspections

    Port,Alma,,Australia

    AMSA bans third ship from poor-performing operator

    malaysia detains tanker

    UK MCA: Foreign flagged ships detained in the UK during October 2023

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    nord stream

    Baltic Exchange: Maritime market highlights 27 November – 1 December

    BIMCO Outlook on Dry Bulk: Muted fleet growth helps maintain market balance

    BIMCO Outlook on Dry Bulk: Muted fleet growth helps maintain market balance

    Mr. Dominguez Velasco

    Arsenio Dominguez Velasco confirmed as next IMO Secretary-General

    canada aerial surveillance

    Gard: IMO’s voluntary speed restriction scheme and WSC Whale Chart

  • Columns
    Career Paths: Nikeel Idnani, PPG and IMarEST

    Career Paths: Nikeel Idnani, PPG and IMarEST

    International Propeller Club: A balance between environmental goals and economic realities is vital

    International Propeller Club: A balance between environmental goals and economic realities is vital

    UK Club: Digitization plays a pivotal role in enhancing fire safety onboard

    UK Club: Digitization plays a pivotal role in enhancing fire safety onboard

    Trending Tags

    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

ICC Incoterms 2020: In line with the industry’s developments

by The Editorial Team
October 14, 2019
in Regulation
turkey open loop scrubbers

Above image is used for illustration purposes only

FacebookTwitterEmailLinkedin

The International Chamber of Commerce (ICC) launched Incoterms® 2020, the newest addition of the renowned trade terms concerning delivery goods, providing certainty and clarity to business and traders everywhere.

The ICC Incoterms® rules are an internationally recognised standard, allowing buyers and sellers to transact business with the certainty that each understands all obligations concerning the tasks, costs and risks involved in the delivery of goods.

The Incoterms® 2020 takes into account the latest developments in commercial practice, and updates the rules, making them easier to access to and easier to use, due to today’s rapid developments in the shipping industry. The new rules will enter into force on 1 January 2020. From this date, all sales contracts should make reference to the Incoterms® 2020 rules as the latest version of the Incoterms rules.

The newly-launched Incoterms® 2020 is based on a more explanatory framework, including graphics to showcase the responsibilities of importers and exporters. Moreover, this addition provides an explanation and guidance on choosing the ideal Incoterms® rule for a given transaction, or how a sales contract interacts with ancillary contracts.

RelatedNews

LR: New provisions on the supervision and administration of vessels under special follow-up

BIMCO Outlook on Dry Bulk: Muted fleet growth helps maintain market balance

 

ICC Incoterms 2020: In line with the industry’s developments

 

Incoterms® 2020:

  1. provides for demonstrated market need in relation to bills of lading (BL) with an on-board notation and the Free Carrier (FCA) Incoterms® rule.
  2. aligns different levels of insurance coverage in Cost Insurance and Freight (CIF) and Carriage and Insurance Paid To (CIP).
  3. includes arrangements for carriage with own means of transport in FCA, Delivered at Place (DAP), Delivered at Place Unloaded (DPU), and Delivered Duty Paid (DDP). There is a change in the three-letter name for Delivered at Terminal (DAT) to DPU.
  4. includes security-related requirements within carriage obligations and costs.

In light of the launch, ICC Secretary General John W.H. Denton AO stated

… They help importers and exporters around the world to understand their responsibilities and avoid costly misunderstandings, the rules form the language of international sales transactions, and help build confidence in our valuable global trading system.

ICC Incoterms 2020: In line with the industry’s developments
ICC Incoterms 2020: In line with the industry’s developments
Tags: cargo handlingICCregulatory updateshipping marketsm
Previous Post

Autonomous machinery control system reduces human reliance

Next Post

Inspection drones project aims to ensure safety of Danish ships

Related News

BV launches classification rules for hydrogen-fueled ships
Safety

BV launches classification rules for hydrogen-fueled ships

November 30, 2023
X-Press Feeders orders six methanol dual-fuel containerships
Shipping

BIMCO Outlook on Containers: Supply to outpace demand in both 2024 and 2025

November 30, 2023
windmill turbine blabes
Offshore

IMCA introduces contract on T&I works in offshore wind projects

November 29, 2023
OceanPal invests in methanol-ready chemical tankers
Shipping

BIMCO Outlook on Tankers: Growing oil market imbalances drive tanker improvements

November 29, 2023
bp germany hydrogen hub
Fuels

EU reaches agreement on proposed hydrogen and gas directive

November 29, 2023
EU ETS
Green Shipping

FEPORT: Cargo diversion under EU ETS should be regulated

November 28, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Explore more

No Result
View All Result

Recommended

Shortlisted nominees announced for the 2024 SMART4SEA Awards

Shortlisted nominees announced for the 2024 SMART4SEA Awards

November 23, 2023
singapore border measures

Do you know what GT and DWT measure in a ship?

November 10, 2021
MARITIME EVENTS

Explore

  • Safety
  • SEAFiT
  • Green
  • Smart
  • Risk
  • Others
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Content Marketing
  • Contact

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.