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Description

Incoterms® rules are a set of three letter acronyms which define the risks and responsibilities of buyers and sellers in international trade contracts and should be a key part of trade negotiations. But who is responsible for agreeing these terms and how well do they really understand them?
The correct use of Incoterms® rules is essential for the successful movement of goods between customers and suppliers around the globe. Getting them wrong can lead to delays, penalties, problems with payment and unhappy customers. Furthermore, your company may incur additional charges which erode profit margins.
Revised every ten years, the latest edition is Incoterms ® 2020. The rules are designed to keep pace with changes in international trade and the new definitions and revisions are designed to give greater clarity and precision to the terms. Which version of rules are you using – do you know the difference?
Do you understand why use of the correct incoterms rules is so important and how these impact on your purchasing/sales contracts?

Overview

The history and purpose of Incoterms
An overview of Incoterms® 2020
Key terminology used in the Incoterms® rules
The obligations of the buyer and seller
Understanding risks and responsibilities
The changes from Incoterms® 2010 to Incoterms ® 2020
Practical issues which influence the choice of Incoterms® rule used
Exercises to check delegates’ understanding of Incoterms® 2020
Common mistakes when using Incoterms® rules
Useful sources of information

Outcome

This interactive, half day course will explain the Incoterms® rules and their importance in international trade contracts. Delegates will explore each of the Incoterms ® 2020 rules and develop confidence in how to use them in order to avoid costly mistakes.
This course is suitable for staff within an organisation that have a responsibility for negotiating business in overseas markets and/or processing export orders. Sales, logistics purchasing and finance staff will all benefit from understanding the correct use of these terms.

This event is available for: Members and Non Members

9:00am - 12:30pm

Online

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Members must Sign in / Register to purchase member only tickets

Price Type

Clear

*All our business prices are excluding VAT at 20%.

For further information on this event, please contact International Training Team on 03333200333 or email internationaltraining@emc-dnl.co.uk

Presenters & Panelists

Becky Stark

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Incoterms ® 2020

Description

Overview

Outcome

Presenters & Panelists

Becky Stark

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