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) and updated in 2010. 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.
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 correct application for the correct mode of transport.
- Issues that can be avoided by understanding how to use the terms.
Refreshments and 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.
For more details on any of the above please email firstname.lastname@example.org.
WHO IS THIS SUITABLE FOR?
This course is suitable for all levels and all departments involved with the sales, financing and shipping of products.