Learning Objectives

In this chapter, you are expected to know more about:

·commonly used trade terms in international trade;

·three different sets of rules of trade terms in international trade;

·the basic issues relating to Incoterms 2020;

·the comparison between Incoterms 2010 and Incoterms 2020;

·the determining factors and application issues of Incoterms. L8wTB3qd67aTsfc7j6Ui1gVqANEUI+I/gt3cEng0bvfzRu5KMj18E/o/TErrBh18