16th Jul 2019 London £465.00 +VAT
FROM SEPTEMBER 2019 THIS COURSE WILL COVER Incoterms®2020 WHICH BECOME OPERATIVE FROM 1ST JANUARY 2020 AND WILL INCLUDE A GUIDE TO THE DIFFERENCES BETWEEN THE 2010 AND 2020 VERSIONS
This popular 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® 2010 should be an essential element in any international contract for the movement of goods. The International Chamber of Commerce (ICC) Incoterms® are revised every ten years in order to keep up to date with changes to international law, supply-chain structure, modes of transport and procurement and sales trends. They are available in multiple languages and are legally binding.
Incoterms® 2010 clarify the apportionment of responsibility, cost and risk throughout the transit of the goods. This is especially relevant for today’s complex supply chains. Clarity of responsibility in contracts involving the global movement of goods is essential to avoid unexpected costs and risks and is a fundamental basis for trade compliance.
All eleven Incoterms® are covered in depth in this essential training course with practical examples of how, when and why they should or should not be used:
EXW Ex Works
FCA Free Carrier
CPT Carriage Paid to
CIP Carriage and Insurance Paid to
DAT Delivered at Terminal
DAP Delivered at Place
DDP Delivered Duty Paid
FAS Free Alongside
FOB Free on Board
CFR Cost and Freight
CIF Cost, Insurance and Freight
This course is designed for anyone who needs a greater understanding of the use and implications of Incoterms® 2010 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 ® 2010 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.
Once Incoterms® 2020 are published in autumn 2019 the course will be completely updated to concentrate on the new terms.
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 and Import or Export administration. The course is equally suitable for those engaged in large and small businesses.
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.
The course runs from 9.30am to approx. 4.30pm. Continental breakfast and lunch are included.
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