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Welcome to the last article of “annus horribilis” = 2020. Let’s analyse the questions starting with the definition of Incoterms®. First published in 1936, Incoterms® rules provide internationally accepted definitions and rules of interpretation for most common commercial terms.
Come January 1st, 2020, industries dealing with the international transportation such as the ocean freight industry will bid farewell to the current version of Incoterms, and ring in the new. In this article, we’ll discuss the main changes that are reportedly being deliberated. Main changes in Incoterms 2020. Incoterms to disappear.
Euro-pallet: A type of pallet, used for storage and transportation of goods, that complies with a standard format agreed among European countries. European Article Numbering (EAN). Intermodal Transportation: The movement of freight using more than one mode of transportation. See also MultimodalTransportation.
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