Author: ernest

Choosing the right Incoterm can make or break your shipment. Discover how to balance cost, risk, and control — and avoid costly trade mistakes.

Incoterms 2020 introduced important updates from the 2010 edition, including DPU replacing DAT, higher insurance under CIP, new FCA Bill of Lading rules, clearer cost allocation, and stronger security obligations. This guide explains the differences and what they mean for global trade professionals.

Seven Incoterms apply to all modes of transport, including EXW, FCA, CPT, CIP, DAP, DPU, and DDP. This guide explains each term’s responsibilities, differences, and examples—helping importers, exporters, and freight professionals choose the right agreement for smooth, efficient global trade.

When it comes to ocean shipping, four Incoterms apply: FAS, FOB, CFR, and CIF. This guide explains each term in detail—their purpose, differences, and practical examples—so you can choose the right shipping agreement and avoid costly misunderstandings in international trade.

Incoterms are essential for international trade, defining responsibilities between buyers and sellers. This guide explains Incoterms 2020, highlights the changes from 2010, and shows how to choose the right term to manage costs, risks, and shipping responsibilities effectively.