Trade shipping terms / International Commercial Terms (Incoterms® 2020).

Overview

You'll get the knowledge on how do the rules define the shipping obligations of the buyer and seller, what are the features of the latest Incoterms® 2020 rules, how are the risks apportioned between the parties involved in a trade, which are the most appropriate terms to be used while contracting a sale, what are the documentary obligations implied by Incoterms. 

Who Should Attend?

1.Sales and Purchasing

Sales Managers, Purchasing Managers

2. Logistics and Shipping

Logistics Managers, Shipping Coordinators

3. Finance Personnel

Chief Financial Officer (CFO), Finance Analysts, Treasury Managers

4. Trade Finance Specialists

Trade Finance Managers, Trade Finance Analysts

5. Corporates

International Business Units, Import/Export Departments

6. Entrepreneurs

Startup Founders and Business Owners, 

7. Compliance and Regulatory Affairs

Compliance Officers

8. Human Resources

Global Mobility Managers, International HR Specialists

9. Training and Development

Training Managers

Course Outcome

The course will enable to avoid potential glitches that can arise in commercial agreements between exporters and importers while trading locally and internationally. It provides a useful checklist for buyers and sellers and it a framework for avoiding disputes that typically happen in international trade.

Course Outline

• What is shipping term/international commercial terms
• Advantages and disadvantages of using the correct terms while contracting a trade sale/deal.
• Categorizing the main grouping of the 11 terms available, i.e., by sea/water-way, by other obligatory modes, and delivery options.
• Positioning the comprehensive terms for shipments via air, sea, and ground