Understanding Incoterms® 2020

Introduction

The Incoterms® rules or International Commercial Terms are a series of pre-defined terms published by the International Chamber of Commerce (ICC) that are widely used in International commercial transactions and Procurement processes.

At the beginning of 2020 was the introduction of Incoterms 2020. This course covers all the changes from the 2010 to this latest version including detailed explanations of each term, highlighting the risk, responsibility and cost obligations for importers and exporters all over the world.

Description

This online course has been designed to help exporters all over the world understand Incoterms® and how to select the correct term for their international transactions. These global shipping terms have huge importance in the exporting and importing of products around the globe. They outline the risks, responsibility and costs between the buyer and the seller for each shipment.

This course covers all aspects of Incoterms 2020. It is designed for people who may be new to exporting and people with experience in using Incoterms, who want to get updated on this latest 2020 version.

How does the course work?

The course is composed of 13 modules that will take you through all the elements of understanding Incoterms® 2020. Learning the terminology will help you to better understand how to cover the risks and responsibilities between the buyer and seller and their obligations for the shipment plus the allocation of costs.

Each module covers each area of Incoterms.

At the end of each module there will be an assessment with interactive questions. When you have completed all 13 modules successfully, you will then have a final assessment after which you can claim your certificate of completion.

This course is accessible online, 24/7, so you can learn at your own pace and go back to things to check you have really understood the topic.

Some of the key learning objectives include:

What are Incoterms®2020?
What has changed from the 2010 version to the 2020 version of Incoterms.
How are they used for export sales?
A detailed explanation of each Incoterm?
What are the buyer and seller obligations for each term?
How to select the correct term for a specific transaction
What are the benefits of one term over another?
What are the risks of one term over another?
What are the commercial benefits of using the correct term?

Why take this course

Resultz Ltd have been in International business for over 25 years and with our network of Associates, we have over 75 years of import export experience. What this means to you, is our courses are backed by a wealth of experience in global trade. As a result our online courses focusses on what really matters in complying and developing international trade.

Our Incoterms 2020 course has benefitted from inputs from all our partners around the globe and we feel confident that the course will deliver the learning objectives of anyone who decides to take the course.

There is no time limit on the course and you can do it in your own time when and wherever you want to. You will receive a completion certificate and have access to course materials you can keep.

The cost of this course is only £75.00 GB Pounds, which includes access to the course, completion certificate and course materials.

Who should enrol?

This course is ideal for people involved with importing and exporting.

This would include sales, purchasing, finance, import and export administrators, shipping and anyone in a company who deals with overseas customers..

The course is valuable for both newcomers wanting an introduction and overview, and experienced staff needing a refresher on current requirements.

As Incoterms® are so important and widely used in international trade, it is a “must do” course for everyone in either importing or exporting goods internationally.

Thank you for taking the time to visit our website and if you have any questions then please do not hesitate to contact us.