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Using International Terms of Sale and Trade

Incoterms (International Commercial Terms of Sale) are designed to streamline negotiations of contracts and communications and payments in international trade. Since 1990 there has been a revision in Incoterms rules in the first year of each decade. Incoterms* 2020 was entered into force on January 1st 2020. Join us as we provide an overview of Incoterms 2020 including the challenges in their proper use, changes to the new Incoterms and how to use them properly.

Topics include:
• Overview of Incoterms
• Challenges of Using Incoterms
• Review of Notable Changes to Incoterms 2020
• New Incoterm: DPU - Delivered at Place Unloaded
• Expansion of Incoterms FCA - Free Carrier
• Changes to Cargo Insurance and Security Clauses
• Examples of Key Terms Used
• Q&A session with presenter