Incoterms 2020

Incoterms 2020

International Trade
Date: Wednesday 10 April 2024
Time: 09:30 AM - 01:00 PM
Speaker: Sue - Exporter Services

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

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