Overview of Incoterms

Understand the Rules. Reduce Risk in International Trade.

Incoterms® 2020 are globally recognised rules that clearly define the responsibilities of buyers and sellers in international trade. These three-letter acronyms are essential for setting the terms of delivery, managing risk, and ensuring clarity in contracts.

Using the wrong Incoterm®, or misusing one, can result in serious issues, including delays, disputes, additional costs, and even failed payments. That’s why it’s critical for businesses engaged in global trade to fully understand how and when to apply each term.

This virtual overview will cover:

• A clear explanation of each of the 11 Incoterms® 2020
• The role of Incoterms® in international contracts and logistics
• How to select the right term for your business
• Common mistakes and how to avoid them
• Real-world examples to illustrate best practice

Included with the overview:

• A copy of the course slides
• Comprehensive guidance notes to support continued learning and contract accuracy

This session is ideal for anyone involved in sales, purchasing, logistics, shipping, or contract negotiation—helping you to apply Incoterms® confidently and correctly in day-to-day trade operations.