This course will provide an overview of INCOTERMS and why these are important to businesses.
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). 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
Training notes will be provided.
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 international sales, supply chain, accounts/ finance, customs and shipping of products.
For more details on any of the above please email firstname.lastname@example.org.
More info on the trainer
Jeff Lewis MBA BSc MIEx
Jeff Lewis has worked at all levels of business across a wide range of industries within the UK and International Sales arena. In 2009, Jeff became Managing Director of Resultz Ltd., who are Approved International Trainers and Advisors to the Institute of Export, Chambers of Commerce, plus other independent training organisations delivering public and in-house courses on all aspects of international trade.
Please note payment must be made in full before the course.
Please note that GMCC does not accept payment via American Express.
In case you are no longer able to attend this training course, please note you must cancel your place at least 5 working days before the course. The cancellation must be in writing and sent to email@example.com indicating the name of the course you are cancelling for and delegate(s) details. If a booking is not cancelled and the delegate does not attend, full event costs will still apply.
Please note: There may be photographs taken at our events that will be used for marketing purposes and on our social media channels. If you do not wish to appear in any of our marketing materials or on our social media channels, please inform a member of the Chamber team at the start of the event.
No itinery to display