Incoterms® 2020 Explained: FOB, CIF, DDP & All 11 Rules

Pick the wrong Incoterm and you can pay for freight you never priced, lose cargo you thought was insured, or have your letter of credit rejected at the bank. This course shows you how to stop that happening.

Incoterms® 2020 Explained is a practical, visual course for anyone who buys, sells, ships or finances goods across borders. In short, focused lessons you'll learn what each of the 11 Incoterms® 2020 rules really means: who pays for what, where risk passes, and which documents you need. You'll also learn how to choose the right term for each deal.

There's no legal jargon and no slide-reading. Each rule is taught with a clear cost-and-risk diagram and a real shipping example, then tested with practice questions.

What you'll learn

• All 11 rules, from EXW to DDP, and the difference between "any mode" and "sea only" terms

• Exactly where risk and cost pass from seller to buyer under each rule

• What changed from Incoterms 2010 to 2020 (DPU, CIP insurance, FCA bills of lading)

• How insurance works under CIF and CIP, and when you need extra cover

• How to line up Incoterms with letters of credit, bills of lading and customs documents

• A simple framework for choosing the best term for your product, route and risk appetite

• The most common and expensive Incoterms mistakes, and how to avoid them

Who this course is for

Importers, exporters, sales and procurement teams, freight forwarders, logistics and supply chain staff, trade finance and banking staff, e-commerce sellers who ship internationally, and students of international business.

What's included

• 3 practice tests (Basics, Intermediate, Mastery) to check your understanding

• Short, visual video lessons for every rule, being added step by step

• Downloadable cheat sheet and comparison matrix, coming with the video lessons

• Lifetime access, Q&A support and a Udemy certificate of completion

By the end you'll read a contract or quotation and know straight away what you're responsible for. You'll also be able to negotiate terms with confidence instead of guessing.

Enrol now and make every shipment's cost, risk and paperwork clear before the goods leave the warehouse.

Incoterms® is a registered trademark of the International Chamber of Commerce (ICC). This course is independent and is not affiliated with, endorsed by, or an official certification of ICC.