Incoterms® 2020 is set to be released in Autumn 2019, following a two-year update process by an ICC expert drafting group comprising lawyers, traders and company representatives from around the world.
The updated rules will enter into force on 1 January 2020. Incoterms® 2010 will remain in effect for those using them.
Correct use of the Incoterms® rules helps provide the legal certainty upon which mutual confidence between business partners must be based. To help trade practitioners use them correctly, ICC—as the originator and developer of the Incoterms® rules—issues official publications and provides training on the rules.
Incoterms 2020® Certificate (INCO)
The ICC Academy will provide the Incoterms® 2020 Certificate (INCO). With an online training course the certificate is designed to provide a working knowledge of the Incoterms® Rules 2020 – a set of 11 regularly-used standard trading terms in international trade. This course will be available in English and Spanish and is scheduled for release in Autumn 2019. You can find more information about it here.
This online course will provide a good basic knowledge on the Incoterms®. A seminar will further deepen your knowledge by looking at different cases and answering individual questions.
ICC Switzerland will recognize trainers and organizations who do have the knowledge and correspond to ICC-standards to give seminars and trainings for Incoterms® 2020. According to the ICC practices, recognized trainers will have to pass a specific online training and will have to enter an agreement with ICC Switzerland. Trainers and organisations will be listed in the electronic communication of ICC.
Trainers must complete a special online course from the ICC Academy for trainers and be recommended by ICC Switzerland to the ICC HQ based on a specific agreement with ICC Switzerland.
We will continue to update you on the current status of the Incoterms® 2020 here.
ICC issues warning on fake incoterms® rules and deceptive training offers
With the launch of Incoterms® 2020 set for later this year, websites are already claiming to have information or training sessions about the update of our commercial trade terms.
Do not be misled: As the world business organization, ICC is the originator and sole official publisher of the Incoterms® rules. Any misuse of the terms can lead to costly mistakes.
So how can you spot fake Incoterms® rules information?
Here are three tips to ensure you get the right details, from the most credible source.