Incoterms 2020 – Online training Part I

Introduction into Incoterms® 2020 and Term by Term lays down the reasons for using trade terms, their role in a sales contract including the questions which matters do Incoterms® 2020 regulate and which they do not. Advice is given on how to incorporate one of the Incoterms® 2020 in a sales contract. This introduction is followed by a a term by term analysis of the characteristics and use of each of the 11 Incoterms® 2020 with the help of splendid illustrations prepared by Mr. Asko Räty, who is also behind the illustrations of the Incoterms® 2020 publication.