MMG participation in developing Incoterms® 2020

MMG participation in developing Incoterms® 2020

intercoms

MMG Director Jamie Bradford was a member of the Australian Chamber of Commerce Incoterms® Working Group providing commentary from an Australian business community perspective to the International Chamber of Commerce (ICC) Paris for the Incoterms 2020 revision.  

The Incoterms® rules were first introduced by ICC in 1936 to establish commonly accepted definitions and rules, related to the delivery of goods between trading partners worldwide. Since then, ICC has periodically revised the Incoterms® rules typically every 10 years to reflect changes in the international trade system. 

Over a period of more than three (3) years, the Australian Chamber of Commerce Incoterms® Working Group consulted with the wider Australian business community to obtain feedback of the most recent version (Incoterms® 2010) and obtained general comments and suggestions for an Australian Chamber of Commerce endorsed submission to ICC Paris for consideration for the Incoterms ®2020 vision.  The criteria for global national committee submissions to ICC Paris was a formalised process of linking each Incoterms® 2010 version sentence with a recommenced revised version, as well as ensure all suggestions for additions or deletions were similarly tightly controlled for auditability and verification processes. 

ICC Paris reviewed the Australian submissions in conjunction with submissions from Chambers of Commerce representing the European, Asian and American business communities. After many submissions, clarifications, queries and sometimes passionate yet necessary debate between ICC Paris and the various national committees, an Incoterms® version acceptable for ICC Paris endorsement was prepared and is now released as Incoterms® 2020. 

Jamie commented that he thoroughly enjoyed this activity with the Australian Chamber of Commerce Incoterms® Working Group. He was accepted into the Working Group in his capacity of an experienced practitioner in resource industry procurement practices developed through working in the procurement and logistics disciplines on many resource development projects. One of his main personal ambitions was to provide his resource industry operational experience to the Working Group, and Jamie commented his input was well respected and considered by the Committee. “I enjoyed the working relationship with legal and banking organisations, educational institutions, international trading facilitators and domestic and international Chamber of Commerce management, as well as having an opportunity to contribute to an important globally recognised product such as Incoterms®.”

In September 2019, there is a series of Australian Chamber of Commerce endorsed Incoterms® 2020 awareness sessions.   Bookings to attend can be made via the following link. https://www.australianchamber.com.au/international/incoterms2020workshops/

For further information about MMG Directors Jamie Bradford’s Australian Chamber of Commerce Incoterms® Working Group experience, please contact info@matmangroup.com.au