TFG Incoterms Resource Centre


Welcome to the Trade Finance Global (TFG) Incoterms® 2020 Rules Resource Centre

A short, 20 page introductory guide on each Incoterms® 2020 rule.

1 page per Incoterms rule, this simple guide is designed for complete beginners to give a background and basic understanding the importance of Incoterms® Rules.

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A comprehensive 94 page guide on Incoterms® 2020, to be used in conjunction with ICC’s new book, INCOTERMS® 2020. Aimed at all trade practitioners.

Written by Bob Ronai CDCS, a member of the ICC’s Incoterms® 2020 Drafting Group, in partnership with Trade Finance Global (TFG). This guide provides an article by article commentary on Incoterms® 2020.

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All proceeds from this book are split between the Author, and funding the TFG Student Accelerate Scholarship

Incoterms® 2020 Podcasts & Mini Guides

EXW – Ex Works

Delivery of goods at which the seller takes on the least risk

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FCA – Free Carrier

Buyers organise shipping of goods and export documentation

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CPT – Carriage Paid To

Like FCA, but where goods are delivered to a defined destination

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CIP – Carriage Insurance Paid To

Seller required to purchase minimum insurance required, and transport

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DAP – Delivered At Place

Seller needs to deliver goods (and insure them) to a defined terminal

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DPU – Delivered At Place Unloaded

Multimodal incoterm for seller to deliver goods to a defined destination

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DDP – Delivered Duty Paid

Multimodal incoterm extending on DAT, to deliver goods at named destination

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FAS – Free Alongside Ship

Non-containerised incoterm where it’s acceptable to ship with other goods

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FOB – Free on Board

Seller delivers to port but buyer responsible for insurance

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CFR – Cost and Freight

Seller delivers goods to destination and is responsible for all transport insurance

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CIF – Cost, Insurance & Freight

Seller pays for transport insurance and delivery of goods up until end port

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Incoterms® 2020 Rules Commentary

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What’s inside →

Incoterms® 2020 Videos

Introduction to Incoterms

  1. What are Incoterms® and why are they important?
  2. Why are Incoterms® necessary, and why can’t we just use a contract?
  3. What is the safest way to incorporate Incoterms® 2020 rules into a contract?

Incoterms® 2020 – Origins and History

  1. What are Incoterms® and why have the ICC created them?
  2. Why have Incoterms® 2020 been updated?
  3. What are your key tips for buyers and sellers using Incotems® rules?

Incoterms® 2020 – Key Changes

  1. What are the key changes for Incoterms® 2020?
  2. How should buyers and sellers incorporate Incoterms® into agreements and contracts?

Incoterms® Top Tips

  1. Why is understanding Incoterms® and training so important for freight forwarders, banks and traders?
  2. What 3 pieces of advice would you give to buyers and sellers when it comes to Incoterms®?

Incoterms® and Brexit

  1. Why is the importance of the new Incoterms® rules in light of Brexit?
  2. What 3 pieces of advice would you give to buyers and sellers when it comes to Incoterms®?

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