Incoterms® 2020 - Virtual course
Event Time: 09:30 - 12:30
Event Theme: International Trade
Price: Member Rate: £175.00 +VAT | Non Member Rate: £220.00 +VAT |
Please note due to Covid-19 this session will now be delivered virtually.
The new set of Incoterms will be introduced at the start of 2020 and this course will provide an update on the changes.
As import and exports increase and the volume of products moved between different countries is looking to grow further into the future, more clarity on protection for both parties in a transaction is becoming more important.
One of the best ways of doing this is by using INCOTERMS® (International Commercial terms) rules, published by the International Chamber of Commerce (ICC). The 2020 update has recently been launched. INCOTERMS® rules define the responsibilities of the buyer and seller with respect to the packing, transportation and insurance of goods as they are transferred from the seller to the buyer. INCOTERMS® rules can be invaluable for shifting costs and liability associated with exporting, importing and shipping and for avoiding disputes down the road but only if companies understand how to use them properly. INCOTERMS® help exporters and importers avoid misunderstandings by clearly defining each other's responsibilities in the delivery of goods.
Key Learning objectives and outcomes of the course:
- What are Incoterms?
- What are the benefits of using Incoterms for both buyer and seller?
- Explanation of the risk and responsibility for buyer and seller.
- The obligations for both buyer and seller.
- Explanation of each term outlining the pros and cons of each.
- The commercial implications of using Incoterms.
- The implication on Customs Declarations
- The correct application for the correct mode of transport.
- Issues that can be avoided by understanding how to use the terms.
- Incoterms 2020
This course is accredited by the British Chambers of Commerce and delegates will receive one credit towards the Foundation Award in International Trade. You will need to achieve 6 credits to be awarded with the Export Foundation Award, a nationally recognised qualification.
Who is this suitable for?
This course is suitable for all levels and all departments involved with the sales, financing and shipping of products.
Registration deadline: 18/11/2021