Incoterms® 2020: Applying them in the real world - Live Training

27-28 May 2020

ICC Academy’s Online Classroom English
Start: 9:00 (Paris Time) 15:00 (Singapore Time)

The ICC Academy, the educational arm of the International Chamber of Commerce (ICC), is kicking off a fresh round of Incoterms® 2020 Live Masterclass – 'Incoterms® 2020: Applying them in the real world'- set to run from 27-28 May 2020. Participants attending the session will benefit from learning the practical applications of the trade rules, straight from the source of the revised rules.

The newest edition of the Incoterms® Rules, the Incoterms® 2020, are ICC's official interpretations of the 11 most commonly used trade terms in both international and domestic transactions.
While the wording of the trade terms explains quite a bit, from contractual obligation to the risks and costs of sellers and buyers, there is much more than these that the sellers and buyers, transport professionals, their insurers and bankers need to know.
To understand the practical application of each of these rules in any given situation and under numerous circumstances, join us for our Live Masterclass on Incoterms® 2020 with our expert trainer Bob Ronai. The practical applications of the rules in any number of circumstances are not usually discussed by trainers. For example, up until now, no-one has really looked at the application of each rule for the different modes of transport, the documents involved and their compatibility with letters of credit.
The Academy's Live Masterclass trainer, Bob Ronai, one of only three non-lawyers on the Incoterms® 2020 Drafting Group, will explain the practical aspects in detail during this two-day live online training.

Unlike ICC Academy courses, this Masterclasses is a one-off online set of training sessions that give participants live and exclusive access to the subject matter expert, wherever you are in the world.


Over the course of two days, the live session will cover all the 11 Incoterms® rules. For the first part of each lesson, the curriculum will cover what the rule says contractually, (using the Incoterms® 2020 book) before breaking down how the obligation is put into practice in day to day operations, including their compatibility with letters of credit.

Each session will be followed by a live Q@A session.

By the end of the sessions, participants will:

- Gain knowledge of the revised rules and their application in real-life scenarios
- Get an understanding of the nuts and bolts of insurable interest
-Be efficient in tailoring Letters of Credits to meet clients' needs and make informed decisions
- Be ready for a post COVID-19 world of trade by learning about the new Incoterms® 2020 Rules and their day-to-day applications

Who should attend?

This Masterclass series is designed for trade professionals across a range of industries who are not totally confident in their use of the Incoterms® rules and would like more clarity:

- Exporters and Importers: Make better decisions
- Transport & Logistics: Respond better to client needs
- Insurers: Better understand who has insurable interest
- Bankers: Learn how to tailor letters of credit to meet client needs

Day 1


(Singapore time)

Session 1: Introduction
Session 2: EXW and Q&A
Session 3: FCA and Q&A
Session 4: 10-minute break
Session 5: CPT / CIP and Q&A
Session 6: DAP and Q&A

Day 2


(Singapore Time)

Session 1: DPU and Q&A
Session 2: DDP and Q&A
Session 3: 10-minute break
Session 4: FAS / FOB and Q&A
Session 5: CFR / CIF and Q&A
Session 6: Summary

Bob Ronai: Member of the ICC Incoterms® 2020 Drafting Group

We are delighted to have Bob Ronai as the expert trainer for this Live Masterclass. There are very few people better qualified to teach about the practical applications of the latest edition of the Incoterms® rules.

Bob was the first Australian and one of only three non-lawyers on the Incoterms® 2020 Drafting Group. He also manages the LinkedIn Incoterms group with over twenty thousand members and was a member of the committee which wrote the “ICC Guide on Transport and the Incoterms® 2010 Rules”. He has just finished extensively updating this book for the 2020 rules.


ICC Academy’s Online Classroom. (Access details will be emailed post-registration)

For best experience, we strongly recommend participants use Google Chrome to access the Live Masterclass.

Please note: As this training runs over two days, participants will be given two different logins; one for each session. For the 2nd session on 28 May, attendees will receive login details 24 hours before the session starts.

The cost of the Live Masterclass is € 93

The purchase includes:

1. Password-protected access to the Live Masterclass on both days

2. Free access to the video recording for 1 month after the live presentation

3. Free access to the presentation slides

4. Certificate of attendance (upon request)

Participants will also receive a 10% discount on all ICC Academy’s online Certificate programmes, valid for 1 month after the Live Masterclass!

Registration link:

**Please note, on reaching the registration page, interested participants will be required to make payment before being automatically redirected to enter their contact details. After registration, participants will receive login details for the Live Masterclass via email. Please check your spam folders, if you cannot see the email**

If you have any questions about the Live Masterclass, please email

If you have any technical issues accessing the Masterclass after registration, please email