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Incoterms® Rules 2020

This course will satisfy the requirements of the British Chambers of Commerce "Incoterms" assessment. Assessment can be undertaken via an approved Chamber of Commerce in the UK

The latest version of The Incoterms® Rules (Incoterms® 2020) is scheduled for release in early September 2019. We will have an updated training course which details all of the changes very shortly thereafter

The Incoterms® Rules are an essential business tool for export import because they define the  risk and cost responsibilities of each party when arranging loading/unloading of the goods, delivery, import export clearance and freight contracts. They may be used in contract negotiations, as a checklist for buyers and sellers and as a framework for international and domestic sales contracts.

The 2010 revision recognised fundamental changes in global import export practice and procedures. Cargo security considerations, revised insurance clauses and the continuing evolution of transport infrastructure have modified the supply chain obligations of each party and the necessity of providing specific information at the appropriate time.

The last version of the Incoterms® Rules, implemented from 01 January 2011, were developed to take account of these changes. The number of terms was reduced from 13 to 11, with four of the old rules being abolished and two rules terms being created. The text for each rule has been updated and rationalised and there are now clear guidance notes for the use of each rule.  The New Incoterms® Rules may now be used for trade both between and within countries and customs - free blocks.

All parties involved in export import in any capacity should clearly understand The New Incoterms® Rules to maximise legal certainty in transactions. This half day seminar will  consider the general features of the rules and will examine each of them in detail. Principal differences between old and new rules and changing obligations of the parties will be highlighted.

The seminar will be particularly relevant to export sales, purchasing, shipping, finance, customer service staff and senior managers from both exporters and importers as well as those from freight forwarders, shipping and financial institutions.

Course Duration

Half day, approx 3 hours actual training time

Training Methods

The trainer will use oral and visual presentations, reference to fictitious and real examples and participatory exercises to illustrate course content. The delegates will receive a copy of the presentation.

Who should attend?

This export training course is graded as "entry level" and is aimed at those involved in both export and import. No prior knowledge of international trade is assumed. The content will be relevant to field and office based sales staff, purchasing staff, shipping and despatch personnel, accounts and finance staff, customer services, freight forwarders, bank and legal personnel.

Cost and Availability

For public course fees and schedule please see listings on course schedule page. We would be pleased to quote for in company delivery. Please contact us for a quotation

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