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Incoterms
7 Lessons
Incoterms Overview
What Incoterms are, and how they facilitate trade by creating a standard way of dividing obligations between a buyer
and seller under various export-import shipment scenarios
What Incoterms specify and what they do not specify
How Incoterms divide costs between seller and buyer
Incoterms Application, Responsibilities, and Solutions
Key trade term citation particulars, including delivery details, applicable Incoterms version, and the impact of initial transport modes and specific terms like “EXW loaded.”
Passage of risk and responsibilities under EXW, “F,” “C,”” and “D” terms, including differences between FCA origin and other points, and the implications of buyer delays.
Seller and buyer obligations under each Incoterm, focusing on risk transfer, delivery points, and customs clearance responsibilities.
Using detailed matrices to increase awareness of the numerous obligations and costs in accomplishing transportation
and delivery of goods under various shipping circumstances
Gaining a more detailed understanding of respective seller and buyer costs under each trade term using various
transportation modes
Applying what you have learned about respective seller and buyer obligations and costs under various trade
terms and transport modes
