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Texprocil : Webinar on Terms of Delivery (Incoterm Rule 2020)
Texprocil : Webinar on Terms of Delivery (Incoterm Rule 2020)
This report summarizes the educational material on Incoterms® 2010 and 2020 presented by Sudhakar Kasture (Director, EMI Exim Institute) for The Cotton Textiles Export Promotion Council (TEXPROCIL). The document provides practical mathematical formulas for trade term computations and highlights six structural revisions introduced in the 2020 edition.
Practical Computation of IncotermsThe text defines how different terms are calculated by adding Origin Charges (O/C), Freight (FRT), and Insurance (INS) to base values: FOB, FCA, and FAS are computed as $\text{EXW} + \text{O/C}$. CFR equals $\text{EXW} + \text{O/C} + \text{FRT}$ or $\text{FOB} + \text{FRT}$. CIF equals $\text{EXW} + \text{O/C} + \text{INS} + \text{FRT}$ or $\text{FOB} + \text{INS} + \text{FRT}$. CPT is calculated as $\text{FCA} + \text{FRT}$. CIP is calculated as $\text{FCA} + \text{INS} + \text{FRT}$. DPU, DAP, and DDP are computed as $\text{FOB} + \text{FRT} + \text{O/C}$ for sea transport, or $\text{FCA} + \text{FRT} + \text{O/C}$ for air transport.
Texprocil : Webinar on Terms of Delivery (Incoterm Rule 2020)
Texprocil : Webinar on Terms of Delivery (Incoterm Rule 2020)
Incoterms in International Trade: Why Delivery Terms and Risk Transfer Matter
Expert Sudhakar Kasture highlights the following key components of why delivery terms and risk transfer matter.
The session explained that Incoterms, issued under the United Nations Commission on International Trade Law, have global acceptance in international trade. It also noted that Incoterms were revised over time, including 1990, 2000, 2010, and 2020, and stressed that contracts should clearly mention which version is being used because legal interpretation depends on it.
A key point of the discussion was the difference between terms of delivery and terms of payment.
AEPC is launching 'Niryat Samvaad"
AEPC is launching 'Niryat Samvaad"
Stay Ahead in Global Trade with Niryat Samvad!
Monthly Trade Policy & Regulatory Update Session for Apparel Exporters
AEPC brings you Niryat Samvad, a monthly virtual session designed to keep apparel exporters updated on the latest trade policies, regulations, compliance requirements, and market opportunities.
DGFT, CBIC & RBI Updates
AEPC is launching 'Niryat Samvaad"
TEXPROCIL: Webinar on Terms of Delivery (Incoterm Rule 2020) on 17th June, 2026
Covered by Salil Chawla, Director, DFU Publications, while attending this live webinar "Webinar on Terms of Delivery (Incoterm Rule 2020) on 17th June, 2026" earlier today organised by Texprocil and ably moderated by The Cotton Textiles Export Promotion Council (TEXPROCIL), Executive Director Dr. Siddhartha Rajagopal, a trade veteran with extensive global experience.
He started by saying, "Your delivery in terms of Incoterms® 2020 rules. So, this is very important, in the sense that, in terms of payment and the terms of trade which are there in use, it is always good to get some updates and understand the rules that have been prescribed thereof."
As you all know, in international business, a proper understanding of delivery terms is very, very important for smooth and successful transactions. Everybody knows that. Incorrect interpretation of these terms can lead to misunderstandings regarding costs, responsibilities and risks.
PHDCCI : National Conference on Technical Textiles
National Conference on Technical Textiles
Scaling the Technical Textiles Frontier: Innovation, Sustainability, and Indigenous Excellence
Join us for the National Conference on Technical Textiles as we unite policymakers, Sportech brands, researchers, and startups to shape the future of India’s textile ecosystem.
This event is the ultimate nexus for bridging R&D with commercial manufacturing under the aegis of the National Technical Textiles Mission (NTTM).
Conference Objectives:
Align industrial efforts with the Viksit Bharat 2047 vision.
Source Debates Returns with Unfiltered Conversations on AI, Supply Chains and the Future of Fashion
Source Debates Returns with Unfiltered Conversations on AI, Supply Chains and the Future of Fashion
Source Fashion’s thought-provoking Source Debates stage will return for the July 2026 edition with a programme designed to tackle some of the biggest questions facing the fashion industry today. Taking place from 7–9 July at Excel London, the interactive stage will bring together industry experts, buyers, manufacturers and thought leaders to explore the challenges, contradictions and opportunities shaping the future of fashion sourcing and production.
Returning after its absence from the January edition, Source Debates has been created to encourage open discussion around the issues keeping fashion businesses awake at night. From artificial intelligence and overproduction to regulation, circularity, supply chain resilience and consumer behaviour, the programme is designed to challenge assumptions, provoke new thinking and help businesses navigate an increasingly complex operating environment.
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