Trade words
Current edition: Incoterms® 2020
The International Chamber of Commerce's 11 three-letter trade terms, such as EXW, FOB and CIF. The one in your contract says who pays for freight and other costs, and where the risk passes from seller to buyer.
Set by ICC (International Chamber of Commerce)
Lesson 14 min readHow importing and exporting work, end to endThe whole journey of a shipment in and out of India: who does what, which papers move, and where customs and the bank come in.
Lesson 64 min readFinding your first buyers abroadChoose markets from trade figures, find importers in customs records, meet buyers at fairs and through your council, and check a buyer before you ship.
Lesson 125 min readShipping bill and Let Export OrderHow you declare an export on ICEGATE, how customs clears it, and how the same shipping bill reaches your bank and your export incentives.
Lesson 176 min readIncoterms 2020The 11 Incoterms rules: who pays for freight and insurance, where the risk passes, and how your choice changes the customs value.
Lesson 284 min readDuty in export marketsWhy the duty your buyer pays matters to you, how MFN and preferential rates differ, and what GSP, DCTS and extra duties like Section 301 change.Trade Academy is education, not legal, tax or customs advice. Rules and rates change by notification: check the live source, or ask a licensed customs broker, before you act.