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Understanding and using INCOTERMS 2020

Put simply, Incoterms® are the selling terms that the buyer and seller of goods both agree to during international transactions. These rules are accepted by governments and legal authorities around the world. Understanding Incoterms® is a vital part of International Trade because they clearly state which tasks, costs and risks are associated with the buyer and the seller. The Incoterm® states when the seller’s costs and risks are transferred onto the buyer. It’s also important to understand that not all rules apply in all cases. Some encompass any mode or modes of transport. Transport by all modes of transport (road, rail, air and sea) covers FCA, CPT, CIP, DAP, DPU (replaces DAT) and DDP. Sea/Inland waterway transport (Sea) covers FAS, FOB, CFR and CIF, which we explain below. incoterms 2020,understanding incoterms 2020,cost and freight,understanding incoterms,carriage and insurance paid to,incoterms 2020 explained,incoterms in export and import,understanding incoterms 2020 international commercial terms,incoterms fob 2020,incoterms 2020 changes,incoterms 2020 key changes,what is incoterms 2020,incoterm 2020,incoterms 2020 dap,incoterms 2020 fca,incoterms 2020 cip,fca incoterms 2020,incoterms 2020 rules,incoterms 2010 vs 2020 cost and freight,understanding incoterms 2020,incoterms 2022,understanding incoterms,amazon shipping terms 2022,quel incoterm choisir en 2022,understanding incoterms 2020 international commercial terms,incoterms amazon 2022 explained,incoterms 2022 | grupo c | importação | vídeo 3,importação 2022,carriage and insurance paid to,logistics and supply chain,incoterms 2022 | o que são e o grupo e | importação | vídeo 1,zelfstandig ondernemer,zelfstandig ondernemen