As already mentioned in past editions of IUMI Eye, the International Chamber of Commerce (ICC) is currently conducting a review process of the Incoterms© and aims to publish the revised rules in the Autumn 2019 on the occasion of the 100th anniversary of the ICC.

The third round of commentary was concluded in June and IUMI once again contributed with feedback on three specific questions raised by the ICC as well as detailed comments on the proposed wording for the introductory and explanatory notes. The IUMI secretariat is in touch with the ICC about the possibility of holding a webinar on the changes in the new Incoterms© 2020 rules once they have been published next year.