The changes in the new Incoterms

On 1 January 2020, the eighth revision of the Incoterms (International Commercial Terms) will be launched. These acronyms are composed of three letters and describe the conditions of delivery of goods and products in global trade. Although Incoterms are not obligatory, and thus companies and individuals are free to agree their own conditions, their use is widespread as they facilitate agreeing the conditions under a common framework. To date, [...]