FOB in red rectangular stamp
ID 84103445 © Gawel |

Here’s one to print out and pin up on your office wall – an infographic from our friends at Actualis Marketing on the recently released set of new Incoterms, and produced on behalf of the TT Club. “Incoterms 2020 consist of 11 defined terms. There are four ‘sea freight only’ rules and seven which can be used for ‘any mode’, with 15 available options in total, since FOB, FCA, CIF and CIP can be assigned one of two named delivery places. While this revision has witnessed only a small number of substantive changes, there remains an importance in understanding the impact of these changes.”