Incoterms® 2020 Rules Commentary

Trade Finance Global Careers

Part 13 - Incoterms and Letters of Credit

TFG heard from ICC Austria’s Trade Finance Week, in an update around Letters of Credit and Incoterms, the problems, challenges and opportunities. Featuring Bob Ronai and Hugo Verschoren.

https://www.tradefinanceglobal.com/posts/video-incoterms-2020-letters-of-credit/

In this video, the following topics are covered and discussed:

• Introduction – Incoterms Rules and Letters of Credit
• FCA, FAS & FOB – How not to get your goods stuck in the port!
• On Board Bills of Lading
• Can you use Incoterms Rules with Letters of Credit?
• Ex Works (EXW) and Letters of Credit
• Using FCA, CPT & CIP with Letters of Credit
• On Board Bills of Lading and Letters of Credit
• Can you use Letters of Credit in the D Rules?
• Letters of Credit and the UCP
• Does FCA work with a Letter of Credit?
• Will FCA and an Air Waybill work together?
• The F Rules (FAS, FOB, CFR & CIF) and Letters of Credit
• Case Study: LCs for purchasing coal – China / South Africa route using DAP
• Case Study: LCs for kitchenware shipments – Hamburg / Casablanca using FOB
• Finding out more about Incoterms Rules

Part 12 - Cost Insurance and Freight, CIF, one of the rules for sea and inland waterway transport

Trade Finance Global have partnered with Bob Ronai CDCS and member of the Incoterms 2020 drafting group from the ICC Commission on Commercial Law and Practice.

Full podcast here: https://www.tradefinanceglobal.com/freight-forwarding/incoterms/cif-price-cost-insurance-and-freight/.

"Incoterms" is a registered trademark of ICC. Rules on the current usage of the trademark can be the ICC website.

Part 11 - Cost and Freight, CFR, one of the rules for sea and inland waterway transport

Trade Finance Global have partnered with Bob Ronai CDCS and member of the Incoterms 2020 drafting group from the ICC Commission on Commercial Law and Practice.

Full podcast here:https://www.tradefinanceglobal.com/freight-forwarding/incoterms/cfr-cost-and-freight-shipping-meaning/.

"Incoterms" is a registered trademark of ICC. Rules on the current usage of the trademark can be the ICC website.

Part 10 - Free on Board, FOB, one of the rules for sea and inland waterway transport

Trade Finance Global have partnered with Bob Ronai CDCS and member of the Incoterms 2020 drafting group from the ICC Commission on Commercial Law and Practice.

Full podcast here: https://www.tradefinanceglobal.com/freight-forwarding/incoterms/fob-price-free-on-board-meaning/.

"Incoterms" is a registered trademark of ICC. Rules on the current usage of the trademark can be the ICC website.

Part 9 - Free Alongside Ship, FAS, one of the rules for sea and inland waterway transport

Trade Finance Global have partnered with Bob Ronai CDCS and member of the Incoterms 2020 drafting group from the ICC Commission on Commercial Law and Practice.

Full podcast here: https://www.tradefinanceglobal.com/freight-forwarding/incoterms/fas-free-alongside-ship/.

"Incoterms" is a registered trademark of ICC. Rules on the current usage of the trademark can be the ICC website.

Part 8 - Delivery Duty Paid, DDP, one of the Rules for Any Mode or Modes of Transport

Trade Finance Global have partnered with Bob Ronai CDCS and member of the Incoterms 2020 drafting group from the ICC Commission on Commercial Law and Practice.

Full podcast here: https://www.tradefinanceglobal.com/freight-forwarding/incoterms/ddp-delivery-duty-paid/.

"Incoterms" is a registered trademark of ICC. Rules on the current usage of the trademark can be the ICC website.

Part 7 - Delivered At Place Unloaded, DPU, one of the Rules for Any Mode or Modes of Transport

Trade Finance Global have partnered with Bob Ronai CDCS and member of the Incoterms 2020 drafting group from the ICC Commission on Commercial Law and Practice.

Full podcast here: https://www.tradefinanceglobal.com/freight-forwarding/incoterms/dpu-delivered-at-place-unloaded/.

"Incoterms" is a registered trademark of ICC. Rules on the current usage of the trademark can be the ICC website.

Part 6 - Delivered at Place, DAP, one of the Rules for Any Mode or Modes of Transport

Trade Finance Global have partnered with Bob Ronai CDCS and member of the Incoterms 2020 drafting group from the ICC Commission on Commercial Law and Practice.

Full podcast here:  https://www.tradefinanceglobal.com/freight-forwarding/incoterms/dap-delivery-at-place/.

"Incoterms" is a registered trademark of ICC. Rules on the current usage of the trademark can be the ICC website.

Part 5 - Carriage and Insurance Paid To, CIP, one of the Rules for Any Mode or Modes of Transport

Trade Finance Global have partnered with Bob Ronai CDCS and member of the Incoterms 2020 drafting group from the ICC Commission on Commercial Law and Practice.

Full podcast here: https://www.tradefinanceglobal.com/freight-forwarding/incoterms/cip-carriage-insurance-paid-to/.

"Incoterms" is a registered trademark of ICC. Rules on the current usage of the trademark can be the ICC website.