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Incoterms® 2020 Explained: 11 Rules, Simplified | iKargos - Digitizing. Exim.

Nov 5, 2025

Are you into international trade, freight forwarding, or logistics? Then you must know your Incoterms®! These globally accepted rules define who is responsible for costs, risks, and responsibilities during a shipment.

In this video, we break down all 11 Incoterms 2020 — from EXW to DDP and FAS to CIF — making it simple for exporters, importers, and logistics professionals to understand. Learn how to avoid costly mistakes, delays, and disputes in your global trade deals.

✅ Covers both multimodal and sea transport terms

✅ Explains risk transfer points and cost responsibilities

✅ Perfect for traders, freight forwarders, and logistics students

? Always remember to include:

1️⃣ The Incoterm (e.g. FOB)

2️⃣ The Named Place (e.g. Port of Shanghai)

3️⃣ The Version (e.g. Incoterms 2020) 

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