Certifications for Trade Compliance professionals Many Global Trade Compliance professionals complain that there are insufficient certifications and courses available that are relevant to the industry. Specifically, no widely recognized International…
The Incoterms ® are a set of trade/trade rules used by the International Chamber of Commerce (ICC) in international sales contracts. The Incoterms are not binding rules. In order for…
Incoterms are rules for international trade that have been developed by the International Chamber of Commerce. These rules are used in international sales contracts. The term Incoterms, comes from "international…
What does CIF mean in international trade? CIF stands for Cost Insurance and Freight. It is included in Incoterms® 2020 and one of the most important terms to ever be…
What is DAP in Incoterms? DAP stands for Delivered at Place. This Incoterm can be used for shipments moving on any mode of transport. On sales contracts the named place…
Incoterms 2020 The new Incoterms 2020 have been published on the 1st of January this year. However, the original Incoterms were published in 1936 and have been creating updates to…
In this article we look at all the frequently asked questions about Incoterms. You may also like our comprehensive article and relevant diagrams explaining the 2020 version of the terms…
Since most businesses already refer to Incoterms when they do cross border trade, they also include them by default when doing domestic shipments. This is perfectly fine in most cases,…
The term "delivery" has an important definition when it comes to Incoterms and logistics. This is the point where risk transfers to the buyer from the seller. This is also…
FCA and EXW form part of Incoterms® 2020. Both these terms are very similar. Both of these terms can be used for any mode of transport. However, there are some…
CIF Incoterms 2020 : A Few Quick Points Cost Insurance and Freight (CIF) Incoterms (or CIF Incoterms) can be used for sea transport, including inland waterway Risk transfers from seller…
DPU Incoterms 2020 : A Few Quick Points Delivered at Place Unloaded (CIP) Incoterms can be used for all modes of transport and even when there are multiple modes of…
