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Understanding Incoterms 2020 & U.S. Export Declarations
Incoterms® remain an essential element in defining terms of trade when conducting international business transactions. Incoterms® 2020 is specifically designed to define freight terms and cost obligations unique to ocean, air, and intermodal transportation common to international shipping. Incoterms® 2020 also defines the risk of loss transfer and export/import clearance obligations between sellers and buyers with the goal of eliminating the risk of costly misunderstandings between the parties to an international transaction.
Changes to the “D” rules with DAT eliminated and DPU added
Definitions and Framework
What is and is not defined by Incoterms® 2020
Risk of Loss
Buyer’s and Seller’s Obligations
Join us for a special segment on a U.S. exporter’s obligations to file an export declaration. Learn about the fundamentals of U.S. export clearance regulations and how they tie into your use of Incoterms® 2020.
Definitions: U.S. Principal Party in Interest (USPPI), Foreign Principal Party in Interest (FPPI), U.S. Agents
Electronic Export Information (EEI)
Compliance and Recordkeeping
Sponsored by: Expeditors