International Trade Law News /title <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" ""> <html xmlns="" xml:lang="en" lang="en"> <meta name="verify-v1" content="6kFGcaEvnPNJ6heBYemQKQasNtyHRZrl1qGh38P0b6M=" /> <head> <title>International Trade Law News

« Home | New Details Emerge in Florida Export Controls Case... » | Chris Wall, Assistant Secretary of Commerce for Ex... » | Washington Post: U.S. to Toughen Its Stance On Tra... » | Do You Have the "Compliance Blues"? » | Florida Jury Convicts Defendant for Conspiring to ... » | Employees of Japanese Machine Tool Producer Arrest... » | BIS Issues First Version of Commodity Classificati... » | Compliance Week Reports on the "Long-Arm" of the F... » | Export Controls in the UAE: A Practical Manifestat... » | OFAC Adds Companies Affiliated With Iran's Bank Me... » 

March 11, 2009 

Incoterms 3000 Scheduled to be Issued in Fall 2010

In an interview with International Trade Law News, Frank Reynolds, the U.S. Delegate to the International Chamber of Commerce's (ICC) Incoterm's drafting committee, said that the revised version of Incoterms 2000 should be released in the fall of 2010. Once released, the new Incoterms will take effect on January 1, 2011.

The new version of the Incoterms will be known as Incoterms 3000 in order to avoid the expectation that they will be revised every ten years.

The ICC introduced the first version of Incoterms, short for "International Commercial Terms," in 1936. There are currently 13 Incoterms, including EXW (Ex works), FOB (Free on Board), CIF (Cost, Insurance and Freight), DDU (Delivered Duty Unpaid) and CPT (Carriage Paid To).

The Incoterms have been revised six times in order to reflect international trade developments.

Frank Reynolds is the author of Incoterms for Americans, a very useful publication for U.S. exporters.




Subscribe to our confidential mailing list

Mobile Version

Search Trade Law News

International Trade and Compliance Jobs

Jobs from Indeed




  • This Site is presented for general informational purposes only and does not constitute legal advice. No attorney-client relationship is formed when you use this Site. Do not consider the Site to be a substitute for obtaining legal advice from a qualified attorney. The information on this Site may be changed without notice and is not guaranteed to be complete, correct or up-to-date. While we try to revise this Site on a regular basis, it may not reflect the most current legal developments. The opinions expressed on this Site are the opinions of the individual author.
  • The content on this Site may be reproduced and/or distributed in whole or in part, provided that its source is indicated as "International Trade Law News,".
  • ©2003-2015. All rights reserved.

Translate This Site

Powered by Blogger