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A,Incoterms® 2020 provides for demonstrated market need in relation to bills of lading (BL) with an on-board notation and the Free Carrier (FCA) Incoterms® rule.
B,Incoterms® 2020 aligns different levels of insurance coverage in Cost Insurance and Freight (CIF) and Carriage and Insurance Paid To (CIP).
Incoterms® 2020 includes arrangements for carriage with own means of transport in FCA, Delivery at Place (DAP), Delivery at Place Unloaded (DPU), and Delivered Duty Paid (DDP).
C,There is a change in the three-letter name for Delivered at Terminal (DAT) to DPU.
D,Incoterms® 2020 includes security-related requirements within carriage obligations and costs.
CIP increased the insurance required to clause A
1,In ICC Incoterms® 2020 CIF keeps the same insurance requirements (i.e. Clause C
but CIP has increased the insurance required to Clause A (Institute of Cargo Clauses).
2,The reasoning behind this is that CIF is more often used with bulk commodity trades and CIP
(as a multimodal term) is more often used for manufactured goods.