The Incoterms® 2020 Certificate (INCO) Practice Test is all about checking how well you understand international trading rules called Incoterms® 2020. These rules are set by the International Chamber of Commerce (ICC), and this practice test is like the real exam you will take for the certificate.
What does the test cover? It goes over different parts of Incoterms® 2020, like what they are for, how they are organized, and what they mean when you’re buying or selling things to other countries. This includes knowing what duties and risks are involved with each of the 11 rules, and how they work with sales, shipping, insurance, and getting things through customs.
The questions in the practice test will make you think hard about these rules. There are different kinds of questions with some being harder than others. Most of them are about real-life situations where you have to know how to use the rules.
But remember, the aim of this practice test is not just to pass. The real goal is to fully understand and use Incoterms® 2020 in your job.