IncotermsⓇ 2020 규칙의 주요 개정내용에 관한 연구

An Assessment of the Major Revision of IncotermsⓇ 2020 Rules

Purpose– The purpose of this study is to review and assess the major changes made to the Incoterms？？ 2020 rules released on 10 September 2019. As these Incoterms？？ 2020 rules have been in effect on 1 January 2020, it is necessary to re-examine any problems arising from the parties’ obligations stipulated in each of the rules. Design/methodology/approach– This study compared and assessed differences between Incoterms？？ 2010 rules and Incoterms？？ 2020 rules published by the ICC in relation to the “Explanatory Notes for Users” and 10 Mandatory Provisions of the Parties’ stated in each Incoterms？？ rule. Findings–A review revealed that the DAT rule has been renamed as the DPU rule in the Incoterms 2020 rules. In particular, the CIP rule stipulates that the seller is required to obtain insurance cover complying with Institute Cargo Clauses (A), but the parties can agree to higher cover. In addition, the FCA rule provided that the buyer must instruct its carrier to issue a bill of lading with an on-board notation to the seller. The Incoterms？？ 2020 rules also clarified the allocation of costs between the seller and the buyer by placing the ‘allocation of costs’ clause at the end of parties’ obligation clauses. Finally, an express allocation of security-related obligations has been added to A4 and A7 of each Incoterms？？ rule. These revisions improve upon and address aspects of international trade that were not prevalent in Incoterms？？ 2010 rule. Research implications or Originality– Incoterms rules are widely used in international trade as rules dealing with rights and obligations between parties to the contract. This study attempts to eliminate or reduce misunderstandings and disputes between the parties to the contract by correctly understanding the changes to the revised Incoterms 2020？？ rules.