How to correctly write Incoterms? | Understanding the Incoterms Rules Nomenclature

In this video we learn how to correctly write the Incoterms 2020 rule and the significance of each part of the nomenclature
Here we learn -
1. Three parts of the nomenclature
2. First part - Three letter code
3. Second part - Name of place.
4. Third part - Name of Rule and Year
5. Significance of writing 'Incoterms'
6. Significance of writing the year
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0:00 Three parts of the nomenclature
0:17 First part - Three letter code
0:25 Second part - Name of place
0:45 Third part - Name of Rule and Year
1:00 Significance of writing 'Incoterms'
1:37 Significance of writing the year
#incoterms2020 #incoterms #tradefinance #internationaltradefinance