{"id":14505,"date":"2024-01-11T11:34:51","date_gmt":"2024-01-11T10:34:51","guid":{"rendered":"https:\/\/alquezaradvocats.com\/introduction-to-incoterms-2020\/"},"modified":"2024-02-05T12:58:32","modified_gmt":"2024-02-05T11:58:32","slug":"introduction-to-incoterms-2020","status":"publish","type":"post","link":"https:\/\/alquezaradvocats.com\/en\/introduction-to-incoterms-2020\/","title":{"rendered":"INTRODUCTION TO INCOTERMS 2020"},"content":{"rendered":"\n
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INTRODUCTION TO INCOTERMS 2020<\/h2>\n

WHAT ARE INCOTERMS 2020 AND WHAT ARE THEIR CLASSIFICATIONS?<\/h2>\n\n

<\/p>\n\n

In international trade transactions, we generally have an extensive operating cycle. The chain of responsibility<\/a> in buying and selling and logistics can be very complex. This means that during the shipment-reception of the goods, many unforeseen events may occur, such as: damaged products, delays in collection or delivery, inconveniences with customs, unforeseen costs, etc. This introduction to Incoterms 2020 can help you mitigate this complexity.<\/p>\n\n

In such cases, the question arises: Who is responsible for the unforeseen events that may arise during such transactions?<\/em> We are talking about the person responsible for taking care of the costs, procedures and responsibilities.<\/p>\n\n

The answer to this question can be found, in part, in the figure of the Incoterms<\/strong> 2020<\/strong> (International Commercial Terms).<\/strong><\/p>\n\n

Incoterms 2020 are rules used in international sales contracts. These acronyms divide the responsibilities, costs, and transfer of risks between seller and buyer. They do so from the moment of delivery of the goods to the designated port or place of destination<\/p>\n\n

“Incoterms do not have the force of law but they are internationally accepted rules”<\/mark><\/h4>\n\n

Currently, the current Incoterms are the 2020 Incoterms, which are made up of 11 regulatory types. Depending on the type of transport used, the 11 Incoterms 2020 can be classified into two modalities: rules for any mode or modes of transport<\/strong> and rules for maritime transport and inland waterways.<\/strong><\/p>\n\n

“There are 2 types of Incoterms 2020”<\/h4>\n\n