New in International Commercial Terms

Incoterms 2020

Abstract

The International Chamber of Commerce (ICC) plays a crucial role in today’s formulates international trade terms periodically, In response to the business developments, The latest version of 2020, representing internationally recognized legal instruments, explaining the provisions of international trade contracts are clearly, to reduce confusion between buyer and seller. Our study aims to identify the various new incoterms that are desirable to use by the parties to contracts, this is what the International Chamber of Commerce seeks when interpreting it, to enhancing trust among traders, and facilitating international trade, especially regulation of contracts for the international carriage of goods, through different modes of transport, Through basic, prior or subsequent transport phases, this is advocated by the "Rotterdam Rules 2008", that conform to the Incoterms ® used in all modes of transport or maritime modes of transport, and inland waterway, This reflects a fundamental positive point for the International Chamber of Commerce.