2020 Incoterms

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The main aim of Incoterms workshop is to define the tasks, costs, and risks associated with the transportation and delivery of products and goods. Upon the completion of this course, you will gain a better understanding of its definition and classifications, the details of the 11 Incoterms, the role of buyers and sellers, and much more in order to make the right selection and avoid incurring additional charges.

Skills You will Acquire

Knowledge of 2020 Incoterms, choice of right Incoterm, cost reduction, risk mitigation.

  • Knowledge of 2020 Incoterms
  • Choice of right Incoterm
  • Cost reduction
  • Risk mitigation

Who Should Attend

Customer service, procurement, accounting and sales professionals, analysts, accounting and financial managers

Duration

Duration
1 Day

Prerequisites

Course Prerequisites
No prerequisites

Outline

Course Outline

Module 1: Incoterm
Module 2: Incoterms’ elaboration

Dates

Dates
TBD

Program

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Module 1: Incoterm

  • Definition of the Incoterm
  • Why Incoterms 2020?
  • Main evolution of 2020 vs. 2010
  • Incorporation of the Incoterm into the contract of sale
  • What incoterms do not talk about?
  • The different classifications of Incoterms
  • Amendments of the Incoterms
  • General glossary (delivery, customs & carrier meanings)

Module 2: Incoterms’ elaboration

  • Delivery
  • Contract of carriage
  • Contract of insurance
  • Licenses, authorizations, security clearances and other formalities
  • Allocation of costs
  • Proof of delivery or delivery document
  • Checking, packaging, marking and inspection of goods
  • Assistance with information and related costs
  • Basic contractual responsibility of the carrier in the international carriage
  • Terminal handling charges elaboration

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