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The update explains why stakeholders must relearn key terminology to operate effectively in global trade. It summarizes major changes including FCA documentation flows, new CIP insurance requirements, the shift from DAT to DPU, cost rearrangements, added security allocations, and provisions for own transportation, emphasizing clearer contracting and risk allocation.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/incoterms-2020-update-what-supply-chain-stakeholders-must-know/291774/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/incoterms-2020-update-what-supply-chain-stakeholders-must-know/291774.png","ImageObject",300,407,{"name":92,"@type":93},"Theodora","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-03","2026-09-17",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",11,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What problem do Incoterms solve in international contracts?","Question",{"text":113,"@type":114},"Incoterms provide a “shorthand” standard for shipping terms, helping clarify uncertainty in interpreting supply contract responsibilities. A specific Incoterm defines the point where responsibilities transfer between seller and buyer.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What changed under FCA in Incoterms 2020 regarding the bill of lading?",{"text":118,"@type":114},"Under FCA, the parties may agree that the buyer instructs its carrier to issue an on-board bill of lading to the seller after loading. The seller must then tender that bill of lading to the buyer, typically through banks.",{"name":120,"@type":111,"acceptedAnswer":121},"How does Incoterms 2020 affect insurance and delivery terms?",{"text":122,"@type":114},"Incoterms 2020 increases the minimum insurance coverage for CIP by requiring Institute Cargo Clause (A), replacing clause (C) used previously. It also changes the term DAT (Delivery at Terminal) to DPU (Delivery at Place Unloaded) to cover delivery to any place for unloading.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},291774,1789646770,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":81,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":130,"read_time":39,"preview_page_count":4},687197207919,"https://ap-avatar.wpscdn.com/avatar/a000253d6f5f7c60be?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779446848396160552","CONTRIBUTED CONTENT & PRESENTATIONS  \nINCOTERMS 2020 Update: What Supply Chain Stakeholders Must Know  \nMARCH 24, 2020  \nAuthors: Jonathan R. Todd, Kristopher J. Chandler  \nThe long-awaited INCOTERMS 2020 are here! The International Chamber of Commerce ( ICC) released its update to the INCOTERMS in September of 2019. Now in effect, it is essential that stakeholders across all manner of supply chain participants relearn those key terms in order to adequately operate in the international marketplace.  \nThe INCOTERMS have long served the international community by offering a “shorthand” for communicating key shipping terms. The ICC publishes and maintains the INCOTERMS as a uniform set of rules to clarify any uncertainty in supply contract interpretation. A single three-character INCOTERM establishes the precise point at which key responsibilities transfer from seller to buyer. Thus, the INCOTERMS are a means of communicating the intent of the parties in a way that is both simple and useful to all participants in international trade, including the importers, exporters, transporters, lawyers, and insurers who rely upon those terms every day.  \nThe first set of INCOTERMS was published in 1936, and that list has been subsequently amended and restated eight times, most recently January 1, 2020 (the new updated list was revealed in September of 2019 but went into effect the beginning of this year) . The INCOTERMS have withstood the test of time due to the ICC’s great work in recognizing modernization of international transportation, such as the rise in air travel, proliferation of container traffic, increased use of electronic messages, and need to cooperate on information sharing. [1] The updates to the official INCOTERMS are likewise narrowly tailored in response to changes in the international flow of goods.  \nKey Changes in INCOTERMS 2020  \nThe following changes were made to the INCOTERMS in this new round of modifications.  \nFCA Free Carrier: The buyer and the seller can now agree that the buyer will instruct its carrier to issue an on-board bill of lading to the seller after the loading of the goods, the seller then being obligated to tender that bill of lading to the buyer, typically through the banks.  \nNew Insurance Requirements: Under CIP, the seller is required to purchase insurance complying with Institute Cargo Clause (A) . This change has increased the minimum insurance coverage for CIP deliveries for the benefit of the buyer. Under the previous iteration of the INCOTERMS, CIP, similar to CIF, required insurance complying with Institute Cargo Clause (C) .  \nDAT changed to DPU (Delivery at Place Unloaded) : The previous iteration of the INCOTERMS include the term “DAT” that required Delivery at Terminal (unloaded) . The revised INCOTERMS has changed DAT to DPU to broadly cover “any place, whether covered or not.” Thus, this term is appropriate for any destination, provided it is appropriate for the unloading of the goods.  \nRearrangement of Costs: In the 2020 INCOTERMS, costs have been rearranged to instead be listed under each of the INCOTERMS, as well as under the relevant article within the INCOTERMS to which they apply. The purpose behind this change is to provide parties a complete list of all relevant costs in one place in order to make the seller and the buyer more aware of the costs each of them will be responsible for under a specific INCOTERM.  \nSecurity Requirements: Security-related allocations have been added to each INCOTERM, and the associated costs for such security requirements have been added to the new cost lists. The emphasis on security in international trade has, of course, grown, and these changes reflect the INCOTERMS changing with the times.  \nOwn Transportation: The previous iteration of the INCOTERMS assumed that transportation from theseller to the buyer would be accomplished by engagement with third-party carriers. The terms did not account for situations in which the transportation would be a","cbCaiixEqQuaRz5X","https://ap.wps.com/l/cbCaiixEqQuaRz5X","pdf",267326,"English","# Key Changes in INCOTERMS 2020\n## FCA Free Carrier\n## New Insurance Requirements\n## DAT changed to DPU (Delivery at Place Unloaded)\n## Rearrangement of Costs\n## Security Requirements\n## Own Transportation\n# INCOTERMS 2020 Takeaways","[{\"question\":\"What problem do Incoterms solve in international contracts?\",\"answer\":\"Incoterms provide a “shorthand” standard for shipping terms, helping clarify uncertainty in interpreting supply contract responsibilities. A specific Incoterm defines the point where responsibilities transfer between seller and buyer.\"},{\"question\":\"What changed under FCA in Incoterms 2020 regarding the bill of lading?\",\"answer\":\"Under FCA, the parties may agree that the buyer instructs its carrier to issue an on-board bill of lading to the seller after loading. The seller must then tender that bill of lading to the buyer, typically through banks.\"},{\"question\":\"How does Incoterms 2020 affect insurance and delivery terms?\",\"answer\":\"Incoterms 2020 increases the minimum insurance coverage for CIP by requiring Institute Cargo Clause (A), replacing clause (C) used previously. It also changes the term DAT (Delivery at Terminal) to DPU (Delivery at Place Unloaded) to cover delivery to any place for unloading.\"}]","Incoterms 2020 Update: What Supply Chain Stakeholders Must Know | PDF"]