Understand Incoterms Rules 2020

Understand Incoterms Rules 2020

Incoterms comprise some of the most widely used, but most misunderstood aspects...


Incoterms comprise some of the most widely used, but most misunderstood aspects within international trade; they can impact on a number of areas of a company's operations, including sales, accounts, shipping, operations, compliance and customer service. They are essential terms of trade for the sale of goods.

If used correctly, they can avoid uncertainty, minimise delay and facilitate smooth operations, transport and payment. If you agree to use a term without understanding the full implications for your business, can result in unexpected costs, obligations and delays.

This half day course is intended to provide a comprehensive overview of the purposes, meaning and correct use of Incoterms® 2020, enabling staff in all departments, and at all levels, to use Incoterms® effectively and with confidence.

• Understand the functions and significancef Incoterms® 2020
• Understand the features, obligations and responsibilities for eacterm within Incoterms® 2020
• Choose the most suitable Incoterm® for any transaction
• Avoid pitfalls and problems from use of unsuitable terms
• Understand when and how to Use Incoterms® 2020 effectively
This course is most suitable for people working in an International trade department or in sales:
• Customer Services
• Export Administration/Sales
• Shipping /logistics
• Export Sales Management
• Import Administration
• Distribution
• Legal

Incoterms® 2020 is available on ICC's new e-commerce platform ICC Knowledge 2 Go in both print and digital formats.

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