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Incoterms Version

Regulations/Policies
Lumber and Articles of Wood
From Papua New Guinea
To Sweden
274 views / 0 experts
Mar 10, 2022

I have been told to put the latest version of Incoterms next to the Incoterm we are using, which is FOB, on our commercial invoice. Why is this? 

1 answer

Kerim A.
Mar 10, 2022

For all Incoterms, a good rule is to write the Incoterms as follows:

  • Incoterm + Place + Version

In the case of FOB, the reason why it is important is that earlier versions of Incoterms rules can be used if specified and there is a different point at where the risk transfers from the 2000 version to the 2010 version.

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