Incoterms

Three little words.

No, I'm not talking about those ones, though incidentally I do love anyone who takes the time to read my posts. I'm talking about each set of three words that together make up Incoterms - the global language for transporting commodities.

Understanding the nuances between incoterms is vital for your success in commodities. CIF vs FOB, DAP vs DDP - failure to properly grasp this concept can lead to confusion and delays, which will inevitably lead to higher costs.

In the current climate of shifting politics and policies, knowing the difference between incoterms is even more crucial. Regardless of whether you are shipping by truck, barge, rail, vessel, or even plane (see the copper arb post!), you don't want to be on the wrong end of a phone call asking why goods aren't arriving as expected.

That's why we dedicate an entire module to Incoterms in the Perfectly Hedged LLC online course. You can now also purchase each of our modules individually, whether that's Incoterms, Finance & Title docs, or one of our other physical trading modules, as well as any of our 15 risk management modules.