This course is suitable for those working in an export environment and it is suggested that they have already completed the Export Course where Incoterms are introduced.
The course provides an overview of the changes that have taken place between the previous 2010 terms and new 2020 terms. It also provides a comprehensive guide on the obligations and costs that a Buyer and Seller have during a sale to include where risk passes during the transaction from Seller to Buyer.
Course Objectives:
Incoterms - What are they?
Incoterms - The History
An explanation of Incoterms, what they 'do' and 'do not do'
Discuss what documentation they apply to
Review each of the Incoterms 2020 in detail
Understand the risk, costs, and obligations for both the Buyer and Seller
The main changes from Incoterms 2010
To be able to correctly classify shipments to reflect the mode of transport and be appropriate for the goods
Prices are inclusive of VAT.
Sue Wright
Sue began her international trade career over 30 years ago as a junior shipping clerk for an engineering and manufacturing company. Inspired by her work she quickly progressed and saw this as a career path going on to study to post graduate level with The Institute of Export. She moved on after several years to take up a shipping manager role for an engineering company. The work involved project managing contracts of supply and delivery across the world and working with Letters of Credit for payment. There were multiple parties involved in the cross-trade movements with Customs and HMRC compliance being paramount. Some of this work involved Special Import Procedures, Import Licences and Controls of various items. In 2010, with this vast amount of knowledge, Sue started Exporter Services and delivers courses in various areas of International Trade.