Ocean Freight Incoterms
Explore the importance of Incoterms in international trade and their impact on the European logistics market. Incoterms is an international standard on the rights and obligations of the buyer and seller in the international transportation of goods.
What are Incoterms® 2020?
The use of ICC Incoterms® is highly recommended for several reasons. One of the most essential is that these rules are the international standard, which, when used correctly, prevents misunderstandings and makes international trade run smoothly. In addition, ICC Incoterms® are available in more than 30 languages, ensuring accessibility.
The important thing to emphasize is that ICC Incoterms® are not legally enshrined in laws or treaties, which means that parties must mutually agree to use them. In cases where these rules are deviated from, we strongly recommend that this is explicitly recorded in writing to avoid future disputes. Failure to adhere to the agreed ICC Incoterms® could potentially lead to a judicial review establishing a different understanding.
Application of ICC Incoterms® Declare.
If buyer and seller wish to apply Incoterms® 2020, the wording
For example: CIF Sydney Incoterms® 2020.
Beginning January 1, 2020, buyer and seller can choose from the following 11 Incoterms®:
For any kind of transportation
For transport by sea and inland waterways
Ocean Freight solutions
With our comprehensive ocean freight and logistics capabilities at Neele-Vat, you can manage your cargo efficiently and reliably. We offer secure shipping, advanced cargo management and customized logistics solutions. Whether you need one-time shipping or regular shipments, we have the expertise you need. Request a quote today and discover the benefits of our ocean freight services.