Core Trade · Lesson 01
Incoterms 2020 explained for first-time importers
In one paragraph: [FLEET-CONTENT-PENDING]
What an Incoterm actually allocates
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The four Incoterms importers see most often
[FLEET-CONTENT-PENDING]
| Incoterm | Risk transfers to buyer at | Who books & pays freight | Who clears import customs |
|---|---|---|---|
| EXW (Ex Works) | [FLEET-CONTENT-PENDING] | [FLEET-CONTENT-PENDING] | [FLEET-CONTENT-PENDING] |
| FOB (Free on Board) | [FLEET-CONTENT-PENDING] | [FLEET-CONTENT-PENDING] | [FLEET-CONTENT-PENDING] |
| CIF (Cost, Insurance & Freight) | [FLEET-CONTENT-PENDING] | [FLEET-CONTENT-PENDING] | [FLEET-CONTENT-PENDING] |
| DDP (Delivered Duty Paid) | [FLEET-CONTENT-PENDING] | [FLEET-CONTENT-PENDING] | [FLEET-CONTENT-PENDING] |
Which one should you ask for on your first order?
[FLEET-CONTENT-PENDING]
Common mistakes first-time importers make with Incoterms
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Placing a first cross-border order? [FLEET-CONTENT-PENDING — soft CTA tied to Incoterm/contract review]. Send an enquiry →
Quick answers
What is the single most important thing an Incoterm decides?
[FLEET-CONTENT-PENDING]
What Incoterm should a first-time importer ask for?
[FLEET-CONTENT-PENDING]
Does the Incoterm affect who pays import duty?
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