Tag Archives: Incoterms 2020

Who Must Arrange Insurance under CIF and CIP?

Under CIF and CIP, the seller arranges insurance while risk transfers earlier to the buyer....

How Is Cargo Insurance Value Determined?

Explains invoice value, insurable value, sum insured and claim payment, including the 110% rule, accepted...

When Should a Business Buy Separate Cargo Insurance?

Separate cargo insurance is appropriate when counterparty-arranged cover does not match the cargo, route, value,...

Key Clauses in an International Sales Contract

A practical map of key international sales contract clauses covering goods, price, delivery, documents, payment,...

FCA, CPT, CIP, DAP and DPU under Incoterms® 2020: What Is the Difference?

Compare FCA, CPT, CIP, DAP and DPU by delivery, risk transfer, carriage, insurance, customs clearance...

How Do EXW, FOB, CIF and DDP Differ?

Compare EXW, FOB, CIF and DDP by delivery point, risk transfer, freight, insurance and export/import...

Risks for Vietnamese Businesses Buying CIF and Selling FOB

A practical analysis of transport control, insurance, cost, schedule and documentation risks when Vietnamese businesses...

Transfer of Risk and Allocation of Costs under Incoterms® 2020

A practical guide to the risk-transfer points and cost allocation under all 11 Incoterms® 2020...

What data should a logistics RFQ include for an accurate scope-based quotation?

A scope-based logistics quotation requires consistent cargo, packing, route, timing, service and commercial data, with...

How to Check Delivery Terms and Freight Charges on a Commercial Invoice

Learn how to review Incoterms, named places, Freight, Insurance and Other Charges on a Commercial...