TFG Incoterms Resource Centre

Welcome to the Trade Finance Global (TFG) Incoterms® 2020 Rules Resource Centre

A short, 20 page introductory guide on each Incoterms® 2020 rule.

1 page per Incoterms rule, this simple guide is designed for complete beginners to give a background and basic understanding the importance of Incoterms® Rules.

Download Free

A comprehensive 94 page guide on Incoterms® 2020, to be used in conjunction with ICC’s new book, INCOTERMS® 2020. Aimed at all trade practitioners.

Written by Bob Ronai CDCS, a member of the ICC’s Incoterms® 2020 Drafting Group, in partnership with Trade Finance Global (TFG). This guide provides an article by article commentary on Incoterms® 2020.


All proceeds from this book are split between the Author, and funding the TFG Student Accelerate Scholarship

Incoterms® 2020 Podcasts & Mini Guides

EXW – Ex Works

Delivery of goods at which the seller takes on the least risk

Download Mini Guide →

FCA – Free Carrier

Buyers organise shipping of goods and export documentation

Download Mini Guide →

CPT – Carriage Paid To

Like FCA, but where goods are delivered to a defined destination

Download Mini Guide →

CIP – Carriage Insurance Paid To

Seller required to purchase minimum insurance required, and transport

Download Mini Guide →

DAP – Delivered At Place

Seller needs to deliver goods (and insure them) to a defined terminal

Download Mini Guide →

DPU – Delivered At Place Unloaded

Multimodal incoterm for seller to deliver goods to a defined destination

Download Mini Guide →

DDP – Delivered Duty Paid

Multimodal incoterm extending on DAT, to deliver goods at named destination

Download Mini Guide →

FAS – Free Alongside Ship

Non-containerised incoterm where it’s acceptable to ship with other goods

Download Mini Guide →

FOB – Free on Board

Seller delivers to port but buyer responsible for insurance

Download Mini Guide →

CFR – Cost and Freight

Seller delivers goods to destination and is responsible for all transport insurance

Download Mini Guide →

CIF – Cost, Insurance & Freight

Seller pays for transport insurance and delivery of goods up until end port

Download Mini Guide →

Incoterms® 2020 Rules Commentary


What’s inside →

Incoterms® 2020 Videos

Introduction to Incoterms

  1. What are Incoterms® and why are they important?
  2. Why are Incoterms® necessary, and why can’t we just use a contract?
  3. What is the safest way to incorporate Incoterms® 2020 rules into a contract?

Incoterms® 2020 – Origins and History

  1. What are Incoterms® and why have the ICC created them?
  2. Why have Incoterms® 2020 been updated?
  3. What are your key tips for buyers and sellers using Incotems® rules?

Incoterms® 2020 – Key Changes

  1. What are the key changes for Incoterms® 2020?
  2. How should buyers and sellers incorporate Incoterms® into agreements and contracts?

Incoterms® Top Tips

  1. Why is understanding Incoterms® and training so important for freight forwarders, banks and traders?
  2. What 3 pieces of advice would you give to buyers and sellers when it comes to Incoterms®?

Incoterms® and Brexit

  1. Why is the importance of the new Incoterms® rules in light of Brexit?
  2. What 3 pieces of advice would you give to buyers and sellers when it comes to Incoterms®?

About the Author

Trade Finance Global (TFG) assists companies with raising debt finance. While we can access many traditional forms of finance, we specialise in alternative finance and complex funding solutions related to international trade. We help companies to raise finance in ways that is sometimes out of reach for mainstream lenders.

Back to Top