INCOTERMS® (International Commercial Terms) rules, published by the International Chamber of Commerce (ICC), define the responsibilities of buyers and sellers regarding the packing, transportation, and insurance of goods. These rules are invaluable for managing costs and liability associated with exporting, importing, and shipping, and they help prevent disputes by clearly outlining each party's responsibilities.
Understanding INCOTERMS® is crucial for businesses engaged in international trade. As global transactions increase, clarity and protection for both parties become vital. Our "INCOTERMS® Overview" course is designed to provide you with the knowledge and skills to navigate these important rules, ensuring smooth and secure international transactions. By mastering these terms, you can protect your interests, streamline your processes, and enhance your international trade strategy.
Join us to gain a comprehensive understanding of INCOTERMS® and elevate your international trade operations.
Key Learning objectives:
Understanding INCOTERMS®: Learn what INCOTERMS® are and why they are important.
Benefits for Both Parties: Discover the advantages of using INCOTERMS® for buyers and sellers.
Risk and Responsibility: Understand the distribution of risk and responsibility between buyer and seller.
Obligations: Learn about the specific obligations of both parties.
Detailed Term Explanation: Explore each INCOTERM® with a breakdown of its pros and cons.
Commercial Implications: Understand the commercial impacts of using INCOTERMS®.
Customs Declarations: Learn how INCOTERMS® affect customs declarations.
Mode of Transport: Discover the correct application of terms based on the mode of transport.
Avoiding Issues: Identify common issues that can be avoided by properly using INCOTERMS®.
INCOTERMS® 2020: Get up to date with the latest INCOTERMS® version.
Accredited by the British Chambers of Commerce, this course also provides one credit towards the Foundation Award in International Trade. To receive the nationally recognised Foundation Award, you need to achieve six credits in total. Training notes will be provided to support your learning experience.
This course is CPD accredited and worth 3 CPD points.
