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Financing tomorrow's trade
Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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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.
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.
PURCHASE NOWAll proceeds from this book are split between the Author, and funding the TFG Student Accelerate Scholarship →
CPT – Carriage Paid To
Like FCA, but where goods are delivered to a defined destination
CIP – Carriage Insurance Paid To
Seller required to purchase minimum insurance required, and transport
DAP – Delivered At Place
Seller needs to deliver goods (and insure them) to a defined terminal
DPU – Delivered At Place Unloaded
Multimodal incoterm for seller to deliver goods to a defined destination
DDP – Delivered Duty Paid
Multimodal incoterm extending on DAT, to deliver goods at named destination
FAS – Free Alongside Ship
Non-containerised incoterm where it’s acceptable to ship with other goods
FOB – Free on Board
Seller delivers to port but buyer responsible for insurance
CFR – Cost and Freight
Seller delivers goods to destination and is responsible for all transport insurance
CIF – Cost, Insurance & Freight
Seller pays for transport insurance and delivery of goods up until end port
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Incoterms® 2020 Rules Commentary
Incoterms® 2020 Videos
Introduction to Incoterms
- What are Incoterms® and why are they important?
- Why are Incoterms® necessary, and why can’t we just use a contract?
- What is the safest way to incorporate Incoterms® 2020 rules into a contract?
Incoterms® Top Tips
- Why is understanding Incoterms® and training so important for freight forwarders, banks and traders?
- What 3 pieces of advice would you give to buyers and sellers when it comes to Incoterms®?
Incoterms® 2020 – Origins and History
- What are Incoterms® and why have the ICC created them?
- Why have Incoterms® 2020 been updated?
- What are your key tips for buyers and sellers using Incotems® rules?
Incoterms® and Brexit
- Why is the importance of the new Incoterms® rules in light of Brexit?
- What 3 pieces of advice would you give to buyers and sellers when it comes to Incoterms®?
Incoterms® 2020 – Key Changes
- What are the key changes for Incoterms® 2020?
- How should buyers and sellers incorporate Incoterms® into agreements and contracts?