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The 15th October 2019 was the official UK launch of the ICC Incoterms® 2020 was held at the headquarters of WLG Gowling in London.  More than 100 people attended the morning launch session to hear from key speakers at the event. The event chair and facilitator, Professor Charles Debattista, Special Advisor on Incoterms® 2020 (Counsel, Arbitrator and Mediator at Stone Chambers), opened the session with a review of how important the International Commercial Terms were for businesses being the authoritative rules for determining how costs and risks are allocated to the parties.

The 15th October 2019 was the official UK launch of the ICC Incoterms® 2020 was held at the headquarters of WLG Gowling in London.  More than 100 people attended the morning launch session to hear from key speakers at the event. The event chair and facilitator, Professor Charles Debattista, Special Advisor on Incoterms® 2020 (Counsel, Arbitrator and Mediator at Stone Chambers), opened the session with a review of how important the International Commercial Terms were for businesses being the authoritative rules for determining how costs and risks are allocated to the parties.

Chris Southworth, Secretary General of the ICC-UK followed Charles to provide the audience with a quick overview on how the ICC United Kingdom have invested time and money to ensure that UK businesses receive training and support on the practical use of the Incoterms® 2020 Rules from companies that have been the right qualifications and experience has changed tactic from 2010 and increased industry engagement. The ICC-UK have selected two UK entities to be the only official ICC-UK accredited trainers: The Institute of Export & International Trade (IOE) and Strong & Herd LLP (S&H). This is to assure businesses that training from these entities meet the required standards of the ICC Academy Exam so they can be certain that the sessions are accurate as well as practical. He was also keen that businesses were aware of the exclusive partnership between the ICC-UK and Open Borders Direct to provide an on-line tool to help businesses choose the right Incoterms® rule in different business scenarios by combining the newly launched Incoterms® 2020 and their global trading knowledge base.

The final presentation was by David Lowe, Chair, ICC Incoterms® 2020 Drafting Committee and Chair of Commercial Law & Practice UK Committee (Partner, Head of International Commerce, Gowling WLG) who provided a summary of the key changes in the 2020 set of terms that include:

  • Delivered at Terminal (DAT) renamed as Delivered at Place Unloaded (DPU)
  • Changes to the level of insurance cover between CIP/CIF (CIF remains unchanged)
  • A greater clarity on the division of costs between sellers and buyers are clarified
  • Transport security (e.g. mandatory screening of containers) requirements have become more prevalent.
  • Recognition that the Seller/buyer can use their own transport to deliver
  • Under Free Carrier (FCA) the seller can request an onboard bill of lading as a transport document
  • Improved presentation of the terms with clearer explanatory notes and pictures
  • Re-ordering of the obligations so they greater reflect what happens in practice

The morning ended with a panel of experts comprising of David Lowe, Mark Heath (Open Borders Direct Ltd), Jon Walden (Crown Agents and member of the ICC-UK Incoterms® 2020 national review committee), Lesley Batchelor (Director General of the IOE) and Sandra Strong FIEx (Grad), CITA (Managing Partner Strong & Herd LLP and and member of the ICC-UK Incoterms® 2020 national review committee).  Specific questions were taken from the audience around the terms, in particular the change to the insurance level under CIP, the practical issues on obtaining a bill of lading under FCA and off-loading obligations of the seller under DPU.

After the networking lunch attendees were invited to join dedicated Incoterms® 2020 training sessions run by the IOE (Lesley Batchelor) and S&H (Sandra Strong, Calvin Sherratt and Steve Berry).

More than 250 launch events and training seminars are also being organised worldwide by ICC national committees. What’s more, there is an online course and certificate programme available from the ICC Academy.  The 2020 edition is available in no fewer than 29 languages — from Estonian and German to Pashto and Spanish

By on August 20th, 2019
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