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In this lesson, number 18, we look at insurance and allocation of costs for CIF. Then we look at how both the CFR and CIF rules work with letters of credit. You won't find these explanations anywhere else! If you REALLY want to understand Incoterms® 2020 then this is the channel for you! Here you will be able to download lessons explaining the Incoterms® 2020 rules, how they work, how they don't work and how to make them work for you! Your trainer is none other than Bob Ronai, a member of the ICC's (International Chamber of Commerce's) Incoterms 2020 Drafting group, in fact the first Australian and non-lawyer in the group. Bob owns the Incoterms group in LinkedIn and regularly answers the curly questions there. Bob has written about the Incoterms® 2020 rules and Letters of Credit extensively in many publications around the world. With more than fifty years experience in international trade, who better to give you valuable information to benefit you?