Incoterms® Rules Training
Half Day Course
Does your staff understand the “terms of sale” of your international transactions?
Incoterms® is a great tool when all involved understand the terms and obligations.
Everyone that touches an international order should understand the risks and obligations associated with the Incoterms® your company uses. When Incoterms® are used in an international transaction, both buyer and seller are agreeing to insurance, risks, and obligations. The term you are using may be costing you extra money and/or may be creating delays because the parties do not understand their obligations.
As an Import or Export professional, you should thoroughly understand Incoterms® 2020. Use this up-to-date Incoterms Rules Training to understand better and stay ahead of the competition.
Half Day
One 15 min break
$395-$445
Price is per person
Webinars: 9:00 am -12:30 pm CT $395
Seminars: 8:30 am -12:00 pm Local Time $445
All Webinars require a Webcam
Scheduled Dates
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Incoterms 2020 Awareness$150.00
Intro Course
✔️Under an hour
✔️ 90-day access
✔️Certificate
✔️1 NCBFAA or CE Credit
Course Features
Small Class
This means there is more time for you to grow and get the knowledge and answers you need to succeed. We highly encourage participation and questions throughout the class.
Book Included
With this course, you will receive a free reference book. This will benefit you far past the course.
Late registrations are welcome, temporary ebook access will be granted.
Certification
With this interactive course, you will receive a certificate of completion and a digital badge.
Credits
You may earn education credits for completing this course. See details
Learn more about our course
Download Incoterms®2020 Course Agenda ⬇️
Incoterms® 2020 Rules Course Agenda
8:30 a.m. to 12:00 p.m. – Seminar
9:00 a.m. to 12:30 p.m. (Central Time) – Webinar
Reference book Incoterms® 2020 for Importers & Exporters
I. TRADE TERMS FOR DOMESTIC AND INTERNATIONAL TRANSACTIONS
• Incoterms® Rules in Contracts
• Incoterms® Rules and Title Transfer
• Incoterms® Rules vs. The Uniform Commercial Code Terms
• Structure of Incoterms® Rules
II. INCOTERMS® 2010/2020 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)
III. 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)
IV. SUMMARY
• Trade Term Self-Assessment, Exercises & Quiz
V. COSTING METHODS
VI. MISTAKES MADE: COURT CASES INVOLVING INCOTERMS® RULES
VII. CASE STUDIES
”Incoterms®” is a registered trademark of the International Chamber of Commerce
Incorrect use of Incoterms® rules in an agreement between a seller and a buyer may add costs or confusion. Take our Incoterms® Rules training course to understand how to apply them in your company for your transactions – whether for export or import or domestic transactions. The following is some of what you will learn from the course:
- Responsibilities and obligations for the seller and the buyer
- Apply rules related to various Incoterms to purchases and sales
- Product transportation and risk of loss
- Negotiating strategies and tactics for transportation, risk/responsibility, title transfer, and payment terms
- Incoterms rules as applied to freight prepaid and freight collect shipments
Employees of Customs Brokers, Freight Forwarders, Exporters, and Importers who are Compliance Officers, Purchasing, Sales/Marketing, Logistics, Traffic, Customer Service, Credit Managers, Order Coordinators, Plant Managers, Operations Managers, Controllers, Engineering, and Legal.
Our Incoterms 2020 online or in-person class is excellent for beginners and also serves as a refresher for experienced professionals. The instructor will level-set the course based on attendees.
To read the entire Policy, click here
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