Incoterms® 2020 Rules
Half Day Course
Does your staff understand the “terms of sale” of your international transactions? Incoterms® – an acronym for International Commercial Terms – are rules first issued by the International Chamber of Commerce (ICC) in 1936. Learn it all in our Incoterms Rules Training.
What Are Incoterms? Understand Your Responsibilities!
Does your staff understand the “terms of sale” of your international transactions? Incoterms® – an acronym for International Commercial Terms – are rules first issued by the International Chamber of Commerce (ICC) in 1936. Incoterms® rules are typically revised every ten years. The updates reflect changes in international trade practices. The 2020 terms updated responsibilities and obligations for buyers and sellers regarding delivery, transfer of risk of loss, transportation, and insurance, reporting the transaction to customs, transit security, and much more.
Are you using the correct rules for your business?
Incorrect use of Incoterms® rules in an agreement between a seller and a buyer may add costs or confusion. Take our Incoterms® Rules training course to understand how to apply them in your company for your transactions – whether for export or import or domestic transactions.
This course is excellent for those just beginning in international trade or as a refresher for experienced professionals.
® Incoterms is a registered trademark of International Chamber of Commerce.
Half Day
One 15 min break
$395-$445
Price is per person
Webinars: 9:00am-12:30pm CT $395
Seminars: 8:30am-12:00pm Local Time $445
Scheduled Dates
Course Features
Small Class
This means there is more time for you to grow and get the knowledge and answers you need to succeed. We highly encourage participation and questions throughout the class.
Book Included
With this course, you will receive a free reference book. This will benefit you far past the course.
Certification
With this interactive course, you will receive a certificate of completion and a digital badge.
Credits
You may earn education credits for completing this course. See details
Learn more about our course
Download Incoterms 2020 Agenda here⬇️
Incoterms® 2020 Rules Course Agenda
International Commercial Terms 8:30 a.m. to 12 p.m. – Seminar 9:00 a.m. to 12:30 p.m. (Central Time) – Webinar
I. TRADE TERMS FOR DOMESTIC AND INTERNATIONAL TRANSACTIONS
• Incoterms® Rules in Contracts
• Incoterms® Rules and Title Transfer
• Incoterms® Rules vs. The Uniform Commercial Code Terms
• Structure of Incoterms® Rules
II. INCOTERMS® 2010/2020 PRODUCT TRANSPORTATION AND RISK OF LOSS Incoterms® Rules Compared
• TERMS FOR ANY MODE
• EXW -Ex Works (named place)
• FCA – Free Carrier At (named place)
• CPT – Carriage Paid To (named place of destination)
• CIP – Carriage and Insurance Paid To (named place of destination)
• DAP – Delivered at Place (named place of destination)
• DPU – Delivered at Place Unloaded (named place of destination)
• DDP – Delivered Duty Paid (named place of destination)
III. MARITIME TERMS
• FAS – Free Alongside Ship (named ocean port of shipment)
• FOB – Free on Board (named ocean port of shipment)
• CFR – Cost and Freight (named ocean port of destination)
• CIF – Cost, Insurance and Freight (named ocean port of destination)
IV. SUMMARY
• Trade Term Self-Assessment, Exercises & Quiz
V. COSTING METHODS
VI. MISTAKES MADE: COURT CASES INVOLVING INCOTERMS® RULES
VII. CASE STUDIES
A full breakdown of Incoterms
- To understand the seller’s and buyer’s responsibilities and obligations for EACH term.
- How to determine which term is best for your company’s transactions.
- How to avoid risk of loss.
- Where risk of loss transfers from buyer to seller under each term
- Security-related requirements
- The difference between the 2010 and 2020 Incoterms® rules
- Terms for any mode
- About Court Cases interpreting Incoterms® rules
Employees of Customs Brokers, Freight Forwarders, Exporters and Importers who are Compliance Officers, Purchasing, Sales/Marketing, Logistics, Traffic, Customer Service, Credit Managers, Order Coordinators, Plant Managers, Operations Managers, Controllers, Engineering, and Legal.
Our Incoterms 2020 online or in-person class is excellent for beginners and also serves as a refresher for experienced professionals. The instructor will level set the course based on attendees.
If you cancel 30 days in advance of an event, you will receive a fund refund. To read entire Policy, click here
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