Chapter 3
Documents, shipping and payments
Incoterms, the shipping documents, containers and ports, how you get paid, and RBI's payment rules.
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 185 min readInvoice, packing list, bill of lading and air waybillWhat each shipping document says, why they must all agree, and the bill of lading choices that decide when the buyer gets the goods.
Lesson 194 min readFCL, LCL, ICD and CFSFull and shared container loads, inland container depots and container freight stations: what each one is and when each makes sense.
Lesson 205 min readGetting paid: advance, LC, DA and DPThe main ways an exporter gets paid, the risk each puts on you and your buyer, how documents move through banks, and how to check a buyer.
Lesson 216 min readRBI's payment rules and deadlines (FEMA 2026)RBI's export and import payment rules from 1 October 2026: declaring exports, the deadline to be paid, extensions, set-off and paying for imports.
Lesson 224 min readPurpose codes for foreign paymentsWhat RBI's purpose codes are, how receipt and payment codes differ, and the codes traders use most for goods and services.
Lesson 234 min readSanctions checks before you shipThe UN, US, UK and EU sanctions lists, what a match means, how to spot a false positive, dual-use goods and SCOMET, and what to keep on file.
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.