Forthcoming Event

Incoterms 2020

Wednesday 20/11/2024

Event Time: 09:00 - 12:30

Event Theme: International Trade

Price: Member Rate: £50.00 +VAT | Non Member Rate: £100.00 +VAT |

Event Location:


Surrey Chambers of Commerce
Block E, Dukes Court
Duke Street
Woking
GU21 5BH


Course Overview:

This half-day course is designed to provide UK exporters and importers with a comprehensive understanding of Incoterms 2020. Participants will learn about the latest updates, how to select appropriate Incoterms for their transactions, and the implications of each term on costs, risks, and responsibilities in international trade.

Learning Objectives:

  • Understand the purpose and scope of Incoterms 2020.
  • Identify and interpret the 11 Incoterms rules.
  • Learn how to select the appropriate Incoterm for different transactions.
  • Comprehend the responsibilities, costs, and risks associated with each Incoterm.
  • Apply knowledge to practical scenarios and case studies.
Course Delivery:
 
  • Duration: Half-day (3.5 hours, including breaks).
  • Format: In-person.
  • Includes: Interactive exercises, group discussions, Q&A sessions.
  • Regulations: All courses will include any regulatory changes made from July 2024 by the new UK government.
Target Audience:
 
  • Export Managers and Coordinators
  • Import Managers and Coordinators
  • Trade Compliance Officers
  • Logistics and Supply Chain Professionals
  • SME Owners involved in international trade

Schedule:

09:00 - 09:30 | Registration and Networking
 
  • Participants arrive, register, and have an opportunity to network with peers.
09:30 - 09:45 | Introduction and Course Objectives
 
  • Welcome and introductions.
  • Overview of course objectives and agenda.
09:45 - 10:15 | Introduction to Incoterms 2020
 
  • Purpose and scope of Incoterms.
  • Key changes and updates from Incoterms 2010 to Incoterms 2020.
  • Explanation of Incoterms and their role in international trade.
  • Overview of the 11 Incoterms rules: EXW, FCA, CPT, CIP, DAP, DPU, DDP, FAS, FOB, CFR, and CIF.
10:15 - 11:00 | Detailed Analysis of Each Incoterm
 
  • Breakdown of each Incoterm rule.
  • Responsibilities of buyers and sellers under each term.
  • Allocation of costs and risks from the point of origin to the destination.
  • Practical examples to illustrate the application of each Incoterm.
11:00 - 11:15 | Coffee Break

11:00 - 11:45 | Choosing the Right Incoterm
 
  • Factors to consider when selecting an Incoterm (e.g., type of goods, mode of transport, buyer/seller capabilities).
  • Common mistakes and how to avoid them.
  • Case studies and scenarios for choosing the appropriate Incoterm.
11:45 - 12:15 | Practical Application and Case Studies
 
  • Real-world case studies on the application of Incoterms.
  • Group discussions on common challenges and solutions.
  • Interactive Q&A session.
12:15 - 12:30 | Conclusion and Wrap-Up
 
  • Recap of key points covered.
  • Future International Trade courses from Surrey Chambers of Commerce.

Instructor:

Linda Bazant LLB (Hons) Barrister and Member of The Chartered Institute of Export and International Trade.


By the end of this half-day course, participants will have a solid understanding of Incoterms 2020, enabling them to make informed decisions, reduce risks, and ensure smoother international trade transactions.



3 FOR 2 OFFER: Book onto Rules of Origin, Incoterms 2020 and Customs Procedures and Documentation altogether for the price of two training courses.

To book under this rate, please email Giorgia.Burgess@surrey-chambers.co.uk.

Same attendee/s must be booked onto all three training courses.
 

BOOK NOW