Incoterms 2020

10 short units, about 12 minutes each. Watch, do, recall, say. Two of three recall questions right passes a unit.

The units10 units

01 The one question: who pays the main freight? Name the side that controls any shipment by asking one question: who pays the main international freight. Open
02 Nominated or free-hand Tell nominated cargo from free-hand cargo and say which side brought the business. Open
03 Eleven rules, one ladder Sort the eleven Incoterms into the E, F, C and D groups and say which side books the main freight in each. Open
04 EXW and FCA: the buyer's forwarder at the seller's door Say where the seller's job ends on EXW and on FCA, and why an EXW pickup in Dubai needs a local agent. Open
05 CFR and CIF: seller pays the freight, buyer carries the risk Show where cost and risk split on CFR and CIF into Jebel Ali, and what the Dubai agent does on that cargo. Open
06 CPT and CIP: any mode, and the insurance difference Place the risk on CPT and CIP, and say why CIP gives the buyer better cover than CIF. Open
07 The same term, opposite jobs: in and out of Dubai For any term and direction, say whether a Dubai forwarder controls the cargo or works as the agent for someone else. Open
08 What partners really say: DDU, C&F, door-to-door Translate old and unofficial terms into the right 2020 rule silently, and confirm the real term in writing. Open
09 Prepaid or collect Read freight prepaid or freight collect off the Incoterm, and know who must collect the money before release. Open
10 Who insures: clauses A, B and C; CIF against CIP Say which loss each set of Institute Cargo Clauses covers, and what cover CIF and CIP actually oblige the seller to buy. Open

Read the lesson Take the chapter quiz