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This popular practical training course offers not just a description of each term but a detailed guide to the benefits that can be obtained by their strategic use and the issues, problems, costs and legal liabilities that can arise by careless or misinformed usage.
Incoterms®2020 come into force on 1st January 2020. This essential course covers not just the new terms but also compares them to Incoterms®2010 so that delegates can note the differences and where possible exploit the differences to their advantage.
Incoterms®2020 should be an essential element in any international contract for the movement of goods. They clarify the apportionment of responsibility, cost and risk throughout the transit of the goods. They also clarify responsibility for customs documentation, intrastats, customs processes and import duty and VAT type taxes. Understanding is essential for Brexit preparation!
This is especially relevant for today’s complex supply-chain structure, mixed modes of transport and procurement and sales trends. This is especially relevant for today’s complex supply-chain structure, mixed modes of transport and procurement and sales trends.
All the Incoterms®2020 are covered in depth in this essential training course by a trainer with over 40 years of practical experience in their use with practical examples of how, when and why they should or should not be used.
The course is designed for anyone who needs a greater understanding of the use and implications of Incoterms®2020 in the global movement of goods, including their role in customs compliance, insurance and cost control. Practical examples of best practice in differing environments and situations will be explored along with common pitfalls and solutions.
Attendees will gain not just a sound understanding of the terms themselves but more importantly the information required to use Incoterms®2020 to their advantage and to understand the implications and benefits of their use to aid quotation, procurement and sales contract negotiation. All modes of transport will be covered.
Incoterms®2010 can still be used after 1st January 2020 but it is essential that all international goods quotes, purchase, sales and supply-chain contracts specify which set of Incoterms are intended to be used to avoid confusion and error.
Incoterms® are created and published by the International Chamber of Commerce (ICC). They are revised every ten years in order to keep them up to date with changes to international law, supply-chain structure, modes of transport, procurement and sales trends. They are available in multiple languages and are legally binding.
This course is suitable for those at all levels of management, operations and administration in Procurement, Sourcing, Finance, Audit, Customer Services, Retail, Sales, Shipping, Airfreight, Freight Agents, Personal Effects Shippers, Logistics, Supply Chain, Customs Brokers, Exporters and Importers. The course is equally suitable for those engaged in large and small businesses.
The course is taught face to face by an industry expert with over 35 years’ experience in international trade. The benefit of the format is that it allows for immediate answers to questions, topical discussion to promote understanding and networking.
Full delegate notes (not just copies of the slides) are provided for future reference. All delegates receive a Certificate of Attendance for their training records.
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