INCOTERMS 2020 Made Easy - Decoding your Shipment

October 7, 2020 - CA US


Overview: The term, Incoterms®, is an abbreviation for International Commercial Terms. They are a set of rules which define the responsibilities of sellers and buyers for the delivery of goods under sales contracts for domestic and international trade. They are published by the International Chamber of Commerce (ICC) and are widely used in international commercial transactions. Incoterms® 2020 provides a common set of rules to clarify the responsibilities of sellers and buyers for the delivery of goods under sales contracts. They apportion transportation costs and responsibilities associated with the delivery of goods between buyers (importers) and sellers (exporters) and reflect modern day transportation practices. Incoterms® significantly reduce misunderstandings among traders and thereby minimize trade disputes and litigation. Why you should Attend: Any individual or company developing its business in the international arena faces challenges, not least of which is the new Incoterms® 2020, which concerns the responsibilities and costs of international transportation. This webinar will provide you with the knowledge that you need to avoid problems, succeed, and profit when dealing with the international movement of goods by any mode of transportation. Areas Covered in the Session: What Incoterms® are and what they are intended to do How to use Incoterms® as a reference The structure and provisions of Incoterms® 2020 How to apply Incoterms® in various contract situations The responsibilities/obligations of the buyer and seller The allocation of costs The assumption/transfer of risks Providing a basis for dispute resolution You will learn the rules concerning the responsibilities and costs of for any mode or modes of transport You will learn the rules for sea and inland waterway transport only You will learn what Incoterms® can and cannot do You will learn about Incoterms® 2020, how they differ from Incoterms 2010, and how to protect you or your company from some all-too-common pitfalls involving the international movement of goods Who Will Benefit: Importers Exporters C-Level Execs Logistics Management and staff Purchasing management and staff Transportation management and staff Students

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