| Revisions have been made to ensure that the wording of the Incoterms clearly and accurately reflects present-day trade practices. |
| If you also decided to change the Incoterms in the document header from FOB to EXW this will not affect item 20 either. |
| Incoterms standardize practice and determine the transfer point of all risks. |
| Transit times, incoterms, rapid customs clearance, sourcing decisions, pipeline inventory, etc. |
| Incoterms are an example of optional corporate governance rules elaborated by the business world for its own purposes. |
| When the document is outputted, the item-specific Incoterms are set out in addition to the generally applicable ones at header level. |
