International Trade: Incoterms – their pivotal role in importing & exporting
Date and Time
Thursday May 20, 2021
9:15 AM - 12:30 PM BST
Location
Webinar via Zoom - Login details will be provided on booking.
Fees/Admission
£170 + VAT - Non-members
£130 + VAT - Members
(Member discount is applied during the booking process.)
Contact Information
Jay Grant
Send Email
Description
Incoterms® form an integral part of the export sales contract. A set of rules around the responsibilities of the seller and buyer, it is important that your staff understand the implications of the Incoterm your company negotiates. Failure to do so can mean £100’s shaved off your bottom line.
Course Content
- What are Incoterms® & why do we need them
- Changes from Incoterms® 2010
- Terminology used
- Overview of each of the Incoterms®
- Factors influencing choice of Incoterm rule used
- Limitations of Incoterms®, together with legal obligations at export
- Mis-use of Incoterms® 2020, including pitfalls of EXW and DDP
- Appetite for risk/insurance
What's in it for me?
This course will enable you to understand the purpose of Incoterms® 2020. It will also enable you to understand the definitions of the Incoterms® 2020 rules. Delegates will be able identify what are the roles of the parties involved in deciding which Incoterm is acceptable and their responsibilities.
Delivery Method
The course will be delivered as webinar via Zoom. It is fully supported with guidance provided electronically to ensure delegates can apply these skills in their business.
Who Should Attend?
The workshop is essential for staff negotiating sales contracts and those responsible for shipping goods to your customers.
