Mastering Incoterms 2020: The Essential Guide to Cost, Risk, & Delivery in Global Trade
The language of international trade can be confusing, but it doesn't have to be. In this essential guide, we break down Incoterms—the globally recognized rules published by the ICC—to show you exactly who is responsible for the cost, risk, and delivery of goods when they cross borders. You'll master the 3 core pillars of any international sale and learn the crucial distinction between FOB (Free On Board) and the correct rule for nearly all modern container shipping: FCA (Free Carrier). Getting these rules right is the key to avoiding costly disputes and minimizing risk in your export and import transactions. Key Takeaways You'll Master: What Incoterms Cover (and What They Don't): Understand the difference between defining risk and ownership (transfer of title) [07:28]. The Truth About "Delivery": Why delivery, in Incoterms, means the transfer of risk, not physical arrival [03:24]. The 4 Categories: Learn the spectrum of seller responsibility by grouping the rules into E, F, C, and D [03:52]. Case Study: Who is responsible if the cargo is lost at sea under CIF terms? [06:47]. 💡 Call to Action & Engagement: Ready to take control of your global shipping strategy? Hit the Like button if you found this breakdown useful! The future of trade is digital. As platforms automate Incoterms selection, do you think this will increase or decrease the risk of misuse? Share your thoughts below! 👇 Subscribe to Vanijja for more expert analysis and stay ahead in the world of global commerce! Timestamps and Content Chapters [00:00] Introduction: Why Incoterms Rule Global Trade [01:28] What We Will Cover: Your Roadmap to Incoterms Mastery [01:54] Defining Incoterms: The Global Dictionary for B2B Sales [02:20] The 3 Core Pillars: Obligations, Risk, and Costs [03:24] The Legal Meaning of "Delivery" (It's Not What You Think!) [03:52] Understanding the 4 Incoterms Categories (E, F, C, D Groups) [05:12] Choosing the Right Rule: Mode of Transport is Key [05:43] Why FOB is NOT for Container Shipping (Use FCA Instead!) [06:47] CIF Scenario: Who Pays When the Ship Sinks? [07:28] What Incoterms DON'T Cover (Ownership/Transfer of Title) [07:58] Final Takeaways and Future of Incoterms Connect with us for more trade insights: Email: [email protected] Media Creator LinkedIn Profile: / nhemratha Facebook Page "Vanijja": / kh.vanijja Website: https://www.exportreview.com