January 9, 2023 - The policy and procedures have been updated to reflect UNDP’s transition to its new cloud-based management platform Quantum in January 2023, replacing its previous ATLAS system.
August 23, 2021 - The Inventory Management policy is now available in French. To access the document, click on the French language tab.
March 27, 2020 - The International Commercial Terms (INCOTERMS) 2020 has been linked in clause 10 and 11 of the Inventory Management policy. Differences between Incoterms 2010 and 2020:
The Incoterms FCA (Free Carrier) now provides the additional option to make an on-board notation on the Bill of Lading prior loading of the goods on a vessel.
• The costs now appear centralized in A9/B9 of each Incoterms rule.
• CIP now requires at least an insurance with the minimum cover of the Institute Cargo Clause (A) (All risk, subject to itemized exclusions).
• CIF requires at least an insurance with the minimum cover of the Institute Cargo Clause (C) (Number of listed risks, subject to itemized exclusions).
• The Incoterms rules Free Carrier (FCA), Delivered at Place (DAP), Delivered at Place Unloaded (DPU) and Delivered Duty Paid (DDP) now take into account that the goods may be carried without any third-party carrier being engaged, namely by using its own means of transportation.
• The rule Delivered at Terminal (DAT) has been changed to Delivered at Place Unloaded (DPU) to clarify that the place of destination could be any place and not only a “terminal”.
• The Incoterms 2020 now explicitly shifts the responsibility of security-related requirements and ancillary costs to the seller."
February 20, 2020 - The Inventory Management policy is now available in Spanish. To access the document, click on the Spanish language tab.
July 13, 2018 - The latest Inventory Management procedure updates reflect the current inventory counts practice, which changed from a quarterly to a semi-annual occurrence.
April 25, 2018 - The updated procedure table, step 13, reflects the change in inventory count exercises from a quarterly occurrence to a periodic one based on each storage location's instructions.
