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Beginner 6 lessons 90 min

Incoterms & Trade Documents

Understand the 11 ICC Incoterms® 2020 rules: delivery point, transfer of risk and allocation of costs. Learn the bill of lading, invoice, packing list, certificate of origin and export payment methods, then build an FCA export pallet in Cargo Studio 3D.

Instructor: Tim Academy Stowage.id

What you will master

  • ✓ Explain what Incoterms® 2020 do and do not cover, and write a rule correctly.
  • ✓ Distinguish the delivery point, transfer of risk and who pays freight and insurance under all 11 rules.
  • ✓ Choose a suitable rule for containerised cargo, including why FCA/CPT/CIP are preferred over FOB/CFR/CIF.
  • ✓ Recognise the types of bill of lading and the main export documents, and keep all documents consistent.
  • ✓ Compare the risks of advance T/T, open account, documentary collection (D/P, D/A) and letter of credit.
  • ✓ Build a stable, efficient export pallet for handing over goods under the FCA rule.

Syllabus

  1. Introduction to Incoterms® 2020

    Reading 12 min

    Free preview
  2. Sea Rules: FAS, FOB, CFR, CIF

    Reading 15 min

  3. Any-Mode Rules: EXW to DDP

    Reading 15 min

  4. Trade Documents and Payment Methods

    Reading 18 min

  5. Quiz: Incoterms & Documents

    Quiz 10 min 10 questions

  6. Simulation: FCA Export Pallet

    Studio simulation 20 min

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