Understanding & Applying Incoterms 2020

Delve into the fundamental concepts Incoterms and develop the expertise to discern their associated obligations, costs, and risks, in order to apply them proficiently.

2,234 students enrolled
51 Lessons
4h 30m

Our Understanding & Applying Incoterms 2020 course is designed to provide you with a comprehensive understanding of the latest Incoterms rules and their practical application in international trade. Incoterms, or International Commercial Terms, are globally recognized standards used to define the responsibilities of buyers and sellers in international transactions, specifying who is responsible for the shipment, insurance, customs clearance, and other activities.

This course delves into the intricacies of each Incoterm, providing clear explanations of their meanings, implications, and suitability for different trade scenarios. You will also gain a deep understanding of how to select the most appropriate Incoterm based on the nature of the goods, mode of transport, and desired level of risk and responsibility.

Learning Objectives

  • Grasp the fundamental concepts and significance of Incoterms and their relevance in international trade.
  • Distinguish between various Incoterms and discern their respective costs, obligations, and associated risks
  • Analyze real-world trade scenarios and case studies by selecting optimal Incoterms for different situations.

1 Mar, 2024

  • Course Launched


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51 Lessons
4h 30m Duration
Multi-Device Accessibility
Certificate Provided