A Practice Note providing an overview of the cargo insurance obligations set out in each of the 11 individual shipping terms included in the Incoterms® 2020 Rules that are used by sellers and buyers to allocate certain responsibilities and risk in international sale of goods contracts. The individual shipping terms include EXW (Ex Works), FCA (Free Carrier), CPT (Carriage Paid To), CIP (Carriage and Insurance Paid To), DAP (Delivered at Place), DPU (Delivered at Place Unloaded), DDP (Delivered Duty Paid), FAS (Free Alongside Ship), FOB (Free on Board), CFR (Cost and Freight), and CIF (Cost, Insurance and Freight). This Note also discusses some of the issues that the seller and buyer must consider when purchasing cargo insurance whether or not the individual shipping terms require either party to obtain insurance.