Incoterms 2020: what to cover in an international contract

Incoterms rules help international trading parties allocate delivery costs, obligations and risks. They do not replace the contract itself.

Key points

State the exact Incoterms rule and the 2020 edition.
Identify the named place or point precisely.
Allocate transport, insurance and transfer of risk.
Address payment, quality, liability, governing law and dispute resolution separately.

This material is for general information. Current rules and procedures should be checked as of the date of advice.

Related practice: International contracts