Incoterms® 2020

An introduction to Incoterms® and their importance to international trade. Understand the history and purpose of Incoterms®, how they are used, the practical issues to be considered, and sources of additional help and information. Commercial matters will also be discussed including the impact of Incoterms® on costs and profitability. The definition of each Incoterm® will be covered as well as practical topics such why EXW is not suitable for international trade. An understanding of Incoterms® is fundamental to international trade.

• History and background of Incoterms®
• The Incoterms® rules and how to use the terms
• What they do and what they don’t do
• A review of each of the terms
• Why EXW is not suitable for international trade and what to use instead
• Sources of help and advice