4 Hours Online Training Workshop
INCOTERMS 2020 facilitates this by clearly defining the place of delivery, who is responsible for the transport to the place of delivery, who assumes the risks and the point at which risk passes from the exporter to the importer, who customers clears the goods for import/export and many more important obligations.
Incoterms also establish a body of international rules for the interpretation of the most commonly used international trade terms.
- The responsibilities of the exporter and Importer under Incoterms 2020
- How Incoterms are used in international trade transactions.
- Risk and Responsibility for Buyer and Seller
- The commercial implications of using Incoterms
- How to use incoterms in commercial contract drafting
- Session 1
Incoterms rules history
Incoterms – what is it, what does it clarify, how widely is it used and how may we apply the Incoterms?
- Session 2
INCOTERMS® 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)
- 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)
- Session 3
Letter of credit, how it should work with incoterms
analyzing the most commonly-used terms and discussion of the implications to your business
Date: 10 March 2021
Duration: 4 Hours workshop
Time: 10:00 AM - 02:00 PM