Understanding Incoterms® 2020

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 session 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 downloadable 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.

Costs & Registration

This course is priced at £360 +VAT for Chamber Members

If you're interested in attending this training session, please contact a member of the BID team, as partial funding for this session may be available.

The course will run from 9:00 am to 4:00 pm.