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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) was published in early September 2019. This training course has been updated to the latest version

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.

Incoterms 2020 offers a simpler and clearer presentation of the rules, placing a greater emphasis on making the right choice of term for inclusion in the contract of sale. The seller's and buyers obligation's are now presented in a more logical order. DAT has become DPU and a number of detail changes have been made to several of the terms.

All parties involved in export import in any capacity should clearly understand The 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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