ISBN-10: 1-891249-67-3
Last Updated: 2020
Authors: George Thompson & Catherine J Petersen
Overview
Newly revised and updated rules for 2020. The goal of this Incoterms 2020 book is to provide a working knowledge of what are known as “terms of sale.” Perhaps the most familiar of the terms of sale is “F.O.B.”; however, there are several others. Such terms are also known as “trade terms” or “mercantile symbols.” This valuable reference book belongs on the desk each of the following departments: sales, purchasing, contracts, customer service, traffic, logistics, all departments that touch the sale or purchase documents. “Incoterms 2020 for Importers and Exporters” covers both domestic and international use of international trade terms defined by the International Chamber of Commerce (ICC).
- Trade Terms of the Uniform Commercial Code
- Domestic Terms of Sale Compared to International Terms
- Why use the 11 International Terms instead of the UCC Terms? Advantages vs. Disadvantages
- Trade Terms of Incoterms® 2020
- Use and Misuse in Transportation
- Legal Cases Affecting Application of Incoterms®
- Exercises and Case Studies
11 Incoterms:
- EXW- Ex Works
- FCA- Free Carrier
- FAS- Free Alongside Ship
- FOB- Free on Board
- CFR- Cost & Freight
- CIF- Cost, Insurance & Freight
- CPT- Carriage Paid to
- CIP- Carriage & Insurance Paid to
- DPU- Delivered at Place Unloaded (New for 2020)
- DAP- Delivered at Place
- DDP- Delivered Duty Paid
