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Incoterms® 2020 out this autumn


When hearing the word Incoterms®, most people will immediately think FOB, CIF, etc. However these are actually


traditional trade terms that have been in existence for many years. In 1936 the International Chamber of Commerce (ICC) launched the first edition of Incoterms® to create rules around traditional trading terms and define the responsibilities of buyers and sellers for the delivery of goods under sales contracts. There were revisions in 1953, 1967 and 1976, before the fifth edition was launched in 1980. Since then a new edition of Incoterms® has followed every decade. ICC Incoterms® are changing.


ICC Incoterms® 2020 will be released in autumn 2019. ICC Incoterms® are relevant for everyone dealing with sales contracts and the movement of goods, including UK goods traders (importers and exporters), logistics companies, trade financiers, insurers, shippers, freight forwarders, law firms, consultants and advisers. BIFA has made comments on the proposed changes in the 2020 edition although in the drafts that we have seen, the amendments are marginal compared with 2010 and will not affect BIFA Members’ current understanding too much. We will of course provide full information to BIFA Members when the final draft is released. Copies of the new edition can


be pre-ordered from the ICC Bookshop.


News Desk


www.bifa.org


Heathrow is changing – have your say


Airport Expansion Consultation Heathrow Airport Ltd (HAL) is proposing to expand Heathrow, which involves building a new runway, changing how the airport operates and carefully managing the way the airport grows. The statutory Airport Expansion


Consultation runs from 18 June to 13 September 2019 and provides an opportunity for all stakeholders to give feedback on: • The preferred layout for the airport, including the location of the new runway, taxiways, terminals and other infrastructure,


• The preferred options for how HAL will operate the airport in the future,


• How HAL proposes to manage and mitigate the effects of


Liverpool Region Dinner


The BIFA Liverpool Region 2020 Annual Dinner will be held at the Liner at Liverpool Hotel, on Friday, 28 February 2020. A limited number of tickets are available to purchase with full tables consisting of 8-12 people. Other bookings will be seated on mixed tables. The ticket price is £37 per person and


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expansion, including property compensation and approaches to noise and air quality.


Cargo and freight forwarding HAL is proposing to double the existing cargo capacity at Heathrow by redeveloping and expanding the existing cargo handling facilities to the south of the Southern Runway. Its preferred masterplan also proposes additional freight forwarding warehouses in a consolidated cluster immediately south of the airport with access to the cargo hub. The proposal explains that by


locating the facilities to the south of the airport it will enhance access to the M25 and will limit unnecessary trips around the airport, supporting


includes a three-course meal followed by coffee. Download a booking form from www.bifa.org/events Entertainment will be provided by the Corps


of Drums of the Ellesmere Port Sea Cadets and comic magician Steve Price. Once again the event will be supporting local


charities Zoe’s Place Children’s Hospice and the Ellesmere Port Sea Cadets alongside Help for


August 2019


HAL’s environmental commitments and minimising effects on local communities. It also proposes a new truck park to the northwest of Stanwell Moor junction to reduce the risk of congestion in the cargo area and to allow it to prevent HGVs parking in residential areas. Full details of the consultation


can be found at: aec.heathrowconsultation.com The Heathrow expansion team


will also be holding more than 40 public consultation events during July and August. A list of locations is on the consultation website. We would encourage individual


members to respond directly to the consultation as your feedback will be used to shape the final proposals for the expansion of Heathrow.


Heroes. If you can offer an auction lot or raffle prize, please contact BIFA Regional Consultant Paul Young (contact details on page 3) or Sharon Hammond (s.hammond@bifa.org) With thanks to our sponsors:


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