Incoterms® 2020

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Details about this catalogue item

Incoterms® is an acronym that stands for "International Commercial Terms". It is a series of three-letter trade terms related to common contractual trading practices that can be used in sales contracts. These clauses define the responsibilities and the obligations of the buyer and the seller.

Course description

This eLearning course provides a general overview of Incoterms® 2020 rules from both the perspectives of the EU Customs & Tax administrations and EU traders

Incoterms® describe the party’s responsibility for various expenses of the delivery of goods, such as loading the goods, arranging the transport and insurance, processing the export and import customs clearance etc. They also determine the transfer of risks in the event of damage to the goods during their transport.

Target audience

This eLearning module is addressed to economic operators dealing with the trading of goods in the customs territory of the European Union, and to customs and tax officials of EU national administrations responsible for customs clearance formalities.

Learning objectives

The global objectives of the eLearning module are: 

  • Explain the particular delivery conditions of each of the 11 Incoterms® 2020 rules
  • Facilitate the choice of the most appropriate Incoterms® rule for the trading contracts according to your needs, as the seller or the buyer; 
  • Demonstrate how to complete the customs declaration for the release of the goods for free circulation in the EU for each Incoterms® rule; 
  • Explain how Incoterms® are related to the customs clearance and customs valuation;
  • Highlight the benefits of the correct application of Incoterms® in trade contracts. 

To benefit fully from the course and to achieve the learning outcomes, it is recommended to integrate it in your own training programme and develop a blended learning strategy.

Course duration

The time required to complete the course is around 2 h and 45 minutes.

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Version: 01
16 December 2021