Explaination in 300 words

There are 11 different fypes of Incoterms 2020, they are "EXW", "FCA", CPT, CIP, DAP, DDU, "DDP", "FAS", "FOB", CFR, and "CIF". The mostly used six that we discuss in class are marked with "quotation" in bold, italic and underlined. You must select throe and explain what they mean and how you use these incotermse 2020 in practice, in relation to sourcing your product from an offshore country. You will use your product and vendor country as example, list each of the three Incoterms 20206 of your choice, use bullet points in elaboration of how these Incoterms 2020 affect your landed cost when moving your shipment from origin to destination. This is an individual forum discussion assignment, any evidence of plagiarism or collaboration will be dealt with as academic misconduct, which will result in the reduction of grades