Incoterms 2020 explained for exporters and importers

(VAT excluded, card and bank transfer accepted)

Add to Cart

2 months access after purchase

Item added to cart

{{ courseItem.title }}
Item added to cart

{{ subscription.title }}

{{ title }}

{{ current_question.title }}

{{ successMessage }}

Download your certificate

{{ failMessage }}

{{ successMessage }}

Download your certificate

{{ failMessage }}

{{ failMessageRetry }}

{{ question.title }}

Question anwered incorrectly. {{ question.explanation }}

At least one answer needs be selected to proceed.

(VAT excluded, card and bank transfer accepted)

Add to Cart

2 months access after purchase

Item added to cart

{{ courseItem.title }}
Item added to cart

{{ subscription.title }}

When you are exporting or importing goods, what are the best Incoterms for your business? The course will not make you an Incoterms expert but will provide you with sufficient understanding to answer the question. The course is designed with UK exporters and importers in mind, however, Incoterms are international trade rules used worldwide. Therefore, the course benefits traders in any country. 

Topics

  • What Incoterms do 
  • Incoterms 2020 changes 
  • General overview and least/most risk Incoterms for an exporter and importer
  • EXW, FCA, CPT, CIP, DAP, DPU, DDP
  • Rules for sea and inland waterway transport: FAS, FOB, CFR, CIF 

Slides are available in the resources section. In addition, after purchasing the course, you will be given access to the articles on the platform.   

Quiz & Certificate

Quizzes and a test are included to help you to test your knowledge. After answering more than 60% of the test questions correctly, you will be awarded a certificate. 

Time

Please plan to dedicate 50-60 min. to learning.

Eager to learn more about exporting and importing?

Check the Exporting Basics and Importing Basics video courses!

Happy learning and exporting!

Resources are available after purchase.

Comments ()

Perspective
icon
Top five challenges for European customs
28-08-2024

Someone recently asked me what are the current top challenges for customs in Europe. The article is an attempt to summarise the answer to this question. These are the five issues that, in my opinion, are likely to impact the customs industry in the upcoming months and years. Some are more across-the-board and some are a bit more niche and local. The article comes from the author’s personal experience of working in the industry and across the private and public sectors and is therefore a personal perspective. By no means an exhaustive list.

Dr Anna Jerzewska

customs clearance, trade topics
Perspective
icon
Top five challenges for European customs
28-08-2024

Someone recently asked me what are the current top challenges for customs in Europe. The article is an attempt to summarise the answer to this question. These are the five issues that, in my opinion, are likely to impact the customs industry in the upcoming months and years. Some are more across-the-board and some are a bit more niche and local. The article comes from the author’s personal experience of working in the industry and across the private and public sectors and is therefore a personal perspective. By no means an exhaustive list.

Dr Anna Jerzewska

customs clearance, trade topics
Case law
icon
Importing chemicals: CJEU rules who bears the burden of administrative work
10-07-2024

Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation is the EU’s main instrument to protect human health and the environment from the risks that can be posed by chemicals. The legislation places a registration obligation on the importer. However, the definitions of the importer and import under the REACH legislation do not align with the customs terminology. The article demonstrates what happens when discrepancies arise.

Dr David Savage

customs clearance, restrictions, trade barriers, import
Case law
icon
Importing chemicals: CJEU rules who bears the burden of administrative work
10-07-2024

Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation is the EU’s main instrument to protect human health and the environment from the risks that can be posed by chemicals. The legislation places a registration obligation on the importer. However, the definitions of the importer and import under the REACH legislation do not align with the customs terminology. The article demonstrates what happens when discrepancies arise.

Dr David Savage

customs clearance, restrictions, trade barriers, import
Topic spotlight
icon
EU Customs Reform: Who is the ‘importer’ and what are their responsibilities?
21-04-2024

Continuing a series of articles on the main legal aspects of the proposed EU customs reform, the author focuses on a key player in the import process: the importer. The Commission proposal is based on a new vision of this actor and his responsibilities. This article describes and analyses the three variants under this concept: the basic rules for importers, the special rules for deemed importers, and the rules for indirect customs representatives who are treated as the (deemed) importer. Furthermore, it addresses the question of what happens when the wrong person has been named as an importer by an actor in the supply chain or a customs representative.

Michael Lux

law, import
Topic spotlight
icon
EU Customs Reform: Who is the ‘importer’ and what are their responsibilities?
21-04-2024

Continuing a series of articles on the main legal aspects of the proposed EU customs reform, the author focuses on a key player in the import process: the importer. The Commission proposal is based on a new vision of this actor and his responsibilities. This article describes and analyses the three variants under this concept: the basic rules for importers, the special rules for deemed importers, and the rules for indirect customs representatives who are treated as the (deemed) importer. Furthermore, it addresses the question of what happens when the wrong person has been named as an importer by an actor in the supply chain or a customs representative.

Michael Lux

law, import
Topic spotlight
icon
EU FTAs: Is EU fully utilising benefits?
07-04-2024

The EU has concluded more than 40 free trade agreements (FTAs) with around 80 countries, which supposedly bring significant benefits for trade with partner countries. But is this really the case, i.e. is the EU fully utilising these benefits? This article attempts to assess the application of EU FTAs by analysing the flow of goods in and out of the main trading partners. The author looks at how import and export volumes and geography depend on the existence of preferential agreements.

Assoc Prof Dr Momchil Antov

origin, trade topics
Topic spotlight
icon
EU FTAs: Is EU fully utilising benefits?
07-04-2024

The EU has concluded more than 40 free trade agreements (FTAs) with around 80 countries, which supposedly bring significant benefits for trade with partner countries. But is this really the case, i.e. is the EU fully utilising these benefits? This article attempts to assess the application of EU FTAs by analysing the flow of goods in and out of the main trading partners. The author looks at how import and export volumes and geography depend on the existence of preferential agreements.

Assoc Prof Dr Momchil Antov

origin, trade topics
Explainer
icon
Export promotion programmes: Lithuania's case
15-01-2024

Exports of goods are an important driver of business productivity and economic growth (Mota et al., 2021). Nobody doubts the benefits of exporting today. The government aims to increase the competitiveness of business and industry in international trade and to promote job creation and economic growth by creating a business-friendly environment. Exports are an important part of business, both for the national economy and for the growth and development of businesses themselves. Economic growth, especially in small countries, is driven by foreign trade, making the promotion of exports a crucial task for a country. The dynamics and development of export growth depend on the implementation of a targeted export policy by the government, and exports are a key factor of economic growth for various countries, including Lithuania.

Jonas Aleksonis , Erika Besusparienė

export
Explainer
icon
Export promotion programmes: Lithuania's case
15-01-2024

Exports of goods are an important driver of business productivity and economic growth (Mota et al., 2021). Nobody doubts the benefits of exporting today. The government aims to increase the competitiveness of business and industry in international trade and to promote job creation and economic growth by creating a business-friendly environment. Exports are an important part of business, both for the national economy and for the growth and development of businesses themselves. Economic growth, especially in small countries, is driven by foreign trade, making the promotion of exports a crucial task for a country. The dynamics and development of export growth depend on the implementation of a targeted export policy by the government, and exports are a key factor of economic growth for various countries, including Lithuania.

Jonas Aleksonis , Erika Besusparienė

export
Forgot password?

* Mandatory fields

By signing up you agree to the Terms of Use and Privacy Policy

Password reset

Check your e-mail, we sent you a link to reset your password.


Login with Google Login with LinkedIn

Contact us

Thank you for report
Maximum file size 6mb
File is too large