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Incoterms 2020: Import/Export Transaction Fundamentals

C1 – Import-Export Transaction Fundamentals; Using Incoterms 2020 Online Training

JUST UPDATED! This class includes the very latest Incoterms 2020 information!


Study Time (Hrs)


CE Credits (CCS & CES)


NOTE: You will be prompted to Register if you have not already done so. If you already have a login, please click “Proceed to Enrollment” on the next screen.

This Incoterms 2020 import/export class addresses the basic steps required to conclude and fulfill transactions. The role Incoterms play in defining the responsibilities of the seller and buyer for respective shipping arrangements is addressed in detail, including; division of costs, the point when the risk of cargo loss and damage is passed from seller to buyer, and vice versa. This course also addresses the role of the freight forwarder in properly arranging shipments based on the trade terms.


Once you finish this course, a printable Certificate of Completion will be available for download. The course can be completed in 18.5 hours or less and earns NCBFAA-registered students 20 CCS/CES continuing education credits.

  • Benefits and Basic Elements of Exporting
  • Anatomy of Commercial Export-Import Transactions
  • Transaction Time Schedules vs. Risks
  • Additional Export/Import Transaction Negotiation Concerns
  • Trade Facilitation through Standards; Intro to Incoterms 2020
  • Summary of Incoterms 2020
  • Seller and Buyer Responsibilities Under All Incoterms; Notices & Passage of Risk
  • Passage of Risk if Buyer Fails to Take Delivery; Arranging Transport Notices
  • Required Trade Term Citations
  • EXW—Additional Requirements and Concerns
  • General “F” Terms; FCA Delivery Concerns
  • FAS and FOB Issues & Concerns
  • “C” Terms Issues & Concerns
  • “D” Terms Issues and Concerns
  • Division of Incoterms Responsibilities and Costs (Matrices)
  • Using Trade Terms in Negotiating Sales Contracts
  • Which Incoterm to Offer — Interpretation and Special Situations
  • Export Quotation Problems Involving Use of Trade Terms
  • Responsibility for Cargo Insurance; Typical Incoterms Interpretation Issues
  • Click here to view a detailed class syllabus

For those who are already a Certified Customs Specialist (CCS) or a Certified Export Specialist (CES) registered with the NCBFAA, provide us with your CCS/CES ID number and you will automatically get continuing education credits upon the successful completion of a qualified course. To get your CE credits, follow these easy steps:


  1. Register for DB Schenker online training (if you haven’t already done so)
  2. Login with your user name and password, and you will be directed to your “My Page” section.
  3. Select “Update user record” on the right, enter your CCS or CES number in the “NCBFAA ID” field, and click Submit Update.

That’s it! Once you’re signed up, we’ll automatically send any CE credits you earn directly to the NCBFAA!

More Online Training Options:

Import Training

Learn all the skills needed to apply regulations, and best practices, for importing goods into the US as an Import Professional.

Export Training

Learn how to export goods from the US — or sharpen your skills — while fully complying with international shipping requirements.

Dangerous Goods/Hazmat Training

Get in Compliance with IATA, IMDG, 49CFR, Multimodal, Lithium Battery & General Dangerous Goods / Hazmat Training – Online or In-Person.