Course Overview
“Develop A Comprehensive Understanding of the Incoterms® 2020”
International Commercial Terms (Incoterms) define the responsibilities of buyers and sellers for the delivery of goods under sales contracts for domestic and international trade. Incoterms have been known and respected worldwide for more than 70 years as the rules of the International Chamber of Commerce (ICC). As a result, Incoterms are an essential tool in the negotiation of international contracts. This Workshop will enable you to understand the latest version – Incoterms 2020.
WHY CHOOSE INCOTERMS 2020 WORKSHOP FROM CILT Bangladesh?
This Workshop will enable you to:
- Understand the various shipping terms and their rules
- Understand the responsibilities of the seller and buyer under Incoterms
- Develop the knowledge and skills you need to evaluate the current shipping terms practiced by your organization
- Negotiate international contracts based on the risk and cost of shipping
- Use up-to-date Incoterms knowledge to produce better shipping and logistics performance
IMPROVE YOUR INCOTERMS 2020 KNOWLEDGE WITH AN EMERGING TRAINING PROVIDER
As the country’s one of the fast-growing training organization, we offer in-depth knowledge in all aspects of the International trade and Incoterms – both in theory and practice.
This workshop covers:
- NEW Incoterms® 2020 trade terms (An introduction to Incoterms 2020)
- 11 Incoterms® 2010 trade terms will still be reviewed (Incoterms® Rules Compared)
- Responsibilities & obligations for seller and buyer under each term
- Incoterms by groupings (Terms for any mode and Maritime terms)
- Trade Term Self-Assessment, Exercises & Quiz
Learning Outcome
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.’
Elibility Criteria
THIS WORKSHOP IS DESIGNED FOR
- Sales Staff who Process International Sales Contracts
- Finance Departments
- Shipping Administration
- Export Sales Administration
- Logistics
- International sales and procurement managers
- Freight Forwarders