The new decade has begun with a major change in the Transport & Logistics industry as the International Chamber of Commerce (ICC) has rolled out the Incoterms® 2020 rules and regulations after nine years since the last revision in 2010. They have come into effect from January 1, 2020. This is done in order to further organize the channel between sellers and buyers for the delivery of goods in international trade. Here are the biggest changes that Incoterms® 2020 brings along and the impact that they would have on your business.
