초록 열기/닫기 버튼
Purpose - The purpose of this study is to check the revision done relative to the new Incoterms®2020 rules. With the release of the new Incoterms®2020, the clauses of delivery, transfer of risk and allocation of cost as well as any problems arising from such clauses need to be re-examined. Design/methodology/approach - This study reviewed and compared the articles of Incoterms® 2010 and the ICC‘s draft and publication of the Incoterms®2020. Findings – The review revealed that one of the D terms are revised such that the term “DAT” is deleted and insteda, the term “DPU” is newly adopted. Moreover, the C terms’ insurance conditions on the practice usage are changed. Insurance applicable scope(choice of coverage) is widely for the user’s convenience. In addition, the ICC gives a warning about the F term’s misuse on the business practice. The ICC suggests the recommendation for accurate using FCA term, when the Container cargo carried and issuing the on board B/L. Finally, VGM has left on next discussion. It was difficult that obligations and costs relating to VGM were too specific and complex to add in the Incoterms®2020. Research implications or Originality – The ICC Incoterms® rules govern the use of international trade and it is available for use by sales parties so that they are able to divide risk, costs and obligations. Since ICC’s first codified a set of trading terms, this was globally accepted on the contractual standard and modified continuously. Now, with the revision of previous Incoterms® rules. Incoterms®2020 rules offer a simpler and clearer presentation of all the rules for international sales parties. Nevertheless, we can apply accurate terms for use in the overseas market and international contracts.
