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Winter 2023-2024 Newsletter added to the Members Trade Information section

01/02/2024 The latest newsletter is now available in the members trade information section under the category of 'Newsletters'. This newsletter contains details of the ICC Opinions that were approved at the ICC Banking Commission meeting held on 23 January 2024.

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Latest Question

Incoterms in LC are CIP Phuntsholing Bhutan as per incoterms 2020 Invoice has segregated cost as below Ex works - Amount USD 100 Freight - Amount USD 20 Insurance Amount - USD 10 TOTAL - CIP Amount USD 130 Will addition of freight and insurance to ex-works lead to CIP amount or it should have been FCA instead of EXW to reach CIP amount?