Incoterms ® 2020

Incoterms® rules are a set of internationally recognised terms used in contracts to define buyers’ and sellers’ obligations when shipping goods internationally. They are used to clearly communicate the tasks, costs and risks associated with the global or International transportation and delivery of goods. Using the right Incoterms makes your export process run smoothly and, as our trainers are experts in International Trade, we will show you how to use Incoterms properly to help you grow your export profits.

Who should attend?

This course is for those working in an export environment who have a basic understanding of Incoterms or have already completed the Export course where Incoterms are introduced. This could be useful if your role involves International trade, Freight Forwarding and Logistics.

What will I learn?

The course provides an overview of the changes that have taken place between the previous 2010 terms and new 2020 terms and gives a comprehensive guide on the obligations and costs that a buyer and seller have during a sale including where risk passes during the transaction from seller to buyer.

This course is suitable for those working in an export environment and it is suggested that they have already completed the Understanding Export and Export Documentation course where Incoterms are introduced.

Specifically, we cover:

· INCOTERMS® – what are they?

· An explanation of Incoterms®, what they ‘do’ and ‘do not do’

· Discuss what documentation they apply to

· Review each of the Incoterms® 2020 in detail

· Understand the risks, costs and obligations for both the Buyer and Seller

· Insurance Requirements

· To be able to correctly classify shipments to reflect the mode of transport and be appropriate for the goods

How will I learn?

This is a practical and engaging workshop created to ensure you will understand the specifics of each Incoterm and how it could relate to your business.

Time? 3-hour workshop, morning or afternoon slot