This week’s topics
Incoterms and Commercial Contracts
- Incoterms 2020 rules structure
- Allocation of transportation costs
- Transfer of operational risk and liability
- Sales contracts and title transfer
- Mastering Incoterms 2020: The Essential Guide to Cost, Risk, & Delivery in Global Trade
- How Incoterms, Sale Contracts & Letters of Credit Work Together| Trade Finance Explained
- Understanding International Sales Contracts
What you will be able to do
- 2.2 Explain how Incoterms and contracts influence responsibilities, cost and risk.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain how Incoterms and contracts influence responsibilities, cost and risk.
Study materials
Videos
- Mastering Incoterms 2020: The Essential Guide to Cost, Risk, & Delivery in Global Trade · YouTube · Vanijja | Trade Insights · 9 min · for registered students
- How Incoterms, Sale Contracts & Letters of Credit Work Together| Trade Finance Explained · YouTube · Vanijja | Trade Insights · 5 min · for registered students
- Understanding International Sales Contracts · YouTube · Shipping Solutions · 5 min · for registered students
Further resources
- Customs valuation: Incoterms (HMRC) (GOV.UK) · Reading · GOV.UK, guidance · for registered students
- International trade paperwork: the basics (GOV.UK) · Reading · GOV.UK, guidance · for registered students
- Business Law I Essentials 2e, ch. 8: Sales Contracts · PDF · OpenStax, textbook chapter; pp. 87–96 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
