NEW 2020 INCOTERMS

With 2020 the new Incoterms come into force. The most significant change concerns the substitution of the DAT in DPU: it is specified that the goods must be unloaded from the vehicle, whatever it is in any place where the agreed delivery place is located.

Another important change concerns insurance when the term is CIF or CIP. While for the first one continues to speak of minimum coverage therefore ICC “C” for CIP the All Risks is expected (ICC “A”).