https://iccwbo.org/business-solutions/incoterms-rules/incoterms-2020/

Incoterms are a set of trade rules for global sale of products. The rules are published by the International Chamber of Commerce. Over the years there have been numerous updates, each happens approximately every 10 years, but the timespan can be shorter or longer depending on what is happening in the world of global trade

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The most recent set of rules, Incoterms 2020, replaces Incoterms 2010.

For this assignment, choose an Incoterm 2020 and discuss how it might be used. Set up a scenario of a company, product, mode of transportation, origin and destination, etc. Include anything needed for that particular Incoterm. Lay out when changes occur, i.e., when do costs or risks transfer between parties.