Incoterms ® 2020 - A Compact Course

Understand incoterms 2020 with EXW and FCA, visualizing how costs, risks, and responsibilities shift across multimodal rules and maritime transport distinctions.

Explore CPT and CIP in Incoterms 2020, where the seller pays carriage to the destination, risk transfers at the place of destination, and CIP adds required insurance and documents.

Examine the Incoterms 2020 D terms—DAP, DPU, and DDP—clarifying who bears cost and risk, where delivery occurs, and who handles export and import formalities.

The lecture explains the four maritime incoterms—FAS, FOB, CFR, and CIF—for water transport. It covers delivery points, risk transfer, and who bears export, import, freight, and insurance costs.

Cluster the 11 Incoterms into four groups, clarifying who arranges main carriage and when risk passes, including ex-works, fob, fca, cfr, cif, cpt, cip, dpu, dp, and ddp.

Highlights differences between Incoterms 2010 and 2020, including the new DPU notation, destination flexibility, and higher CIF and CIP insurance requirements, with SIP usable across all transport modes.

Analyze delivery concepts across Incoterms 2020, detailing seller methods such as handing to the carrier (CPT/CIP), FCA options, placing goods at the buyer’s disposal, and loading on board.

Discover why container shipments require different incoterms: avoid FOB, CFR, and CIF, and use FCA and CPT, since delivery and risk transfer occur before loading and during container handling.

Ex works transfers risk to the buyer at delivery, with the buyer handling loading, export formalities, and insurance, making cross-border use risky and should be used in inland trade only.

Analyze FCA's on board bill of lading option and its use with documentary collections or letters of credit, noting practical hurdles and no direct remedy if the carrier refuses.

Explore transport document responsibilities across Incoterms 2020, detailing how ex-works, FCA, CPT/CIP, DAP, DPU, DDP, CFR, and CIF assign seller and buyer obligations.

Explore export and import clearance responsibilities across Incoterms, from seller export formalities to buyer import formalities and transit, including FCA, CPT, CIP, DDP, and maritime rules FAS, FOB, CFR, CIF.

Examine allocation of costs in incoterms 2020, from ex-works to cif and ddp, detailing carriage, insurance, freight, unloading, import formalities, and seller–buyer cost splits for fs and fob.

an analysis of the dap, dpu, and ddp terms, outlining delivery by the seller to a named destination and the roles of fcl, lcl, container yards, cfs, and import clearance.

Explore the compatibility challenges between letter of credit and incoterms 2020, including ex works, FCA, and delivery requirements like on board bills of lading and last shipment dates.

Identify practical checkpoints for Incoterm 2020 rules, including warning flags for bills of lading and air waybills, and note freight terms and insurance implications in cross-border and container shipments.

Key incoterms 2020 points include distribution of costs, delivery, and risk, contract provisions for place and version, and negotiable insurance terms to avoid later disputes.

Explore case studies on Incoterms 2020, weighing CIP versus GAAP, risk allocation in carriage, and who pays for pre-shipment inspection and insurance.

Access curated resources and reference websites to deepen your understanding of international trade and finance, and enroll in recommended courses to gain a comprehensive view of the global trade ecosystem.