NEWSLETTER-2019-metin

6 NEWSLETTER 2019 Rules in terms of the chosen subject, e.g. costs, export/im- port obligations, insurance, etc. • Where costs are listed: Whereas the various costs to be allocated by the Articles have traditionally appeared in diffe- rent parts of each Rule, in the Incoterms® 2020, A9/B9 now lists all of the costs allocated by each particular Incoterms rule. By virtue of this novelty, users will be able to see all of the costs that they will incur as the seller or the buyer in one place. Therefore, the Incoterms® 2020 provides a one-stop list for all of the costs. It is noteworthy to mention that costs also continue to be mentioned under the relevant Articles. Changes in terms of Content • Bills of lading with an on-board notation in the FCA: When the FCA rule is chosen for sea carriage, either sellers or buyers or their banks who have provided a letter of credit might wish to have a bill of lading with an on-board notation. To the contrary, delivery under the FCA rule is completed prior to loading the goods on board the vessel and, therefore, the carrier usually provides an on-board bill of lading only after the goods are actually on board, making it impossible for the seller to obtain an on-board bill of lading from the carrier. As a solution, FCA A6/B6 of the Incoterms® 2020 provides that if the parties have so agreed, the buyer must instruct its carrier to issue to the seller a transport document stating that the goods have been loaded, such as a bill of lading with an on-board notation thereon. • Different levels of insurance coverage in CIF and CIP: Both Rules previously provided for insurance with minimum coverage as provided by Clauses (C) of the Institute Cargo Clauses (Lloyd’s Market Association/International Underw- riting Association ‘LMA/IUA’) or any similar clauses. Con- sidering the need for higher coverages, but also taking into account those involved in the maritime trade of commodities, no change has been made to the CIF, which is more frequ- ently used in the maritime commodity trades. On the other