The updated CQR brochure for Incoterms 2020 offers a chart elucidating the liabilities of exporters and importers in international trade

Conqueror has updated and uploaded a brochure of Incoterms 2020 containing the most recent version of the Incoterms rules launched by the International Chamber of Commerce (ICC) which has come into effect from 1st January 2020. The Conqueror Incoterms brochure has been modernised with a fresh and simplified design so that members can easily share it with their clients and partners.

The Incoterms rules were first listed down back in 1936 by ICC to create a set of globally accepted rules and definitions with regards to delivery of goods among trading partners all over the world. Since then these rules have been periodically amended and the Incoterms 2020 rules come with detailed notes and graphs illustrating the liabilities of exporters and importers for each of the Incoterms rule.

As explained by Mr. John WH Denton AO, the Secretary General of Incoterms, “Incoterms 2020 rules make business work for everyone by facilitating trillions of dollars in global trade annually. Because they help importers and exporters around the world to understand their responsibilities and avoid costly misunderstandings, the rules form the language of international sales transactions, and help build confidence in our valuable global trading system.”

Conqueror members can get hold of this brochure by clicking on this link.