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Incoterms 2020

Seminar Description

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.

All parties involved in international trade in any capacity should clearly understand The Incoterms Rules to maximise legal certainty in transactions. This seminar will consider the general features of the rules and will examine each of them in detail. This course will satisfy the requirements of the British Chambers of Commerce/National Trade Training Service "Incoterms" assessment module

The seminar is suitable for those with no prior knowledge and for those seeking to update their understanding. It is relevant to 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.

Seminar Objectives

This seminar should enable delegates to understand

•  The purpose and functions of Incoterms
•  Features of Incoterms 2020
•  The circumstances under which each term should be used
•  Practical issues in the use of Incoterms
•  Sources of help and information on Incoterms

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