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. TEdPCQCY7n7aIYzs4Sdt73TePQkhE8lJcHXXKRPOKhSpow/1/JPK2IzXUaJ0ywif