More details about the course
9 Modules | 21 Sessions | 57 min 34 sec Total Time
Incoterms ® 2020 is the backbone of contracts in import-export businesses and international trade. If an incoterm is chosen without understanding its practical applicability and pros and cons, then it can very well cost you dearly at a later stage of the trade.
This course covers-
- Understanding the Nomenclature
- Understanding the difference between Place of Delivery, Destination, and Final Destination of Goods
- Rules for all modes of transport
- Maritime Rules
- Clustering of Incoterms according to responsibility
- Varying definitions of 'Delivery' in different Incoterms
- Maritime Rules and Container Shipments - Why is it such a big No?
- Caution Using EXW
- FCA and On Board Bill of Lading - Is it really a solution?
- Transport Documents - Responsibilities in Different Incoterms ® in a Nutshell
- Export/Import Clearance - In a Nutshell
- Allocation of Costs - In a Nutshell
- Analysis of the D Rules - How choosing the D rules can affect you
- Understanding the Compatibility - Letter of Credit and Incoterm Rules 2020
- Possible Checkpoints and Key Learnings for Incoterm Rules 2020
- Differences between Incoterms ® Rules 2010 and Incoterms ® Rules 2020
- Case Studies
Stay compliant and reduce risks: Understanding Incoterms ® 2020 is essential to ensure compliance with international trade regulations, minimize disputes, and mitigate risks associated with responsibilities and costs in global trade transactions.
Enhance negotiation skills:Incoterms ® 2020 plays a crucial role in negotiations between buyers and sellers, and this course provides insights on how to leverage Incoterms for advantageous negotiation outcomes.
Improve operational efficiency: Proper application of Incoterms ® 2020 can streamline logistics and supply chain operations, resulting in improved efficiency, reduced costs, and enhanced customer satisfaction.
Gain a competitive edge: Stay ahead of the competition by acquiring updated knowledge on Incoterms ® 2020, demonstrating your expertise in international trade, and gaining a competitive advantage in the global market.
Bankers/CDCS/CITF Aspirants: Understanding Incoterms ® 2020 is essential to succeed in day to day handling of documents. Also, knowledge of Incoterms 2020 is vital for students in the trade finance domain.
Enhance negotiation skills:Incoterms ® 2020 plays a crucial role in negotiations between buyers and sellers, and this course provides insights on how to leverage Incoterms for advantageous negotiation outcomes.
Importers and exporters: This course is ideal for individuals and businesses involved in international trade, including importers and exporters, logistics professionals, freight forwarders, customs brokers, and trade finance experts.
Sales and procurement professionals: Sales and procurement professionals who deal with international trade transactions can benefit from this course to better understand the legal, financial, and operational aspects of Incoterms ® 2020.
Business owners and managers: Business owners and managers who are engaged in international trade or planning to expand their operations globally can gain valuable insights from this course to make informed decisions and mitigate risks.
Enroll in the Incoterms ® 2020 Training course today to gain a comprehensive understanding of the latest rules and best practices in international trade, and enhance your skills and knowledge to excel in the global business landscape.
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