Chamber Training: Incoterms® 2020 – BCC Accredited

Do you know what an Incoterm is and which one you should use for your export? Used in sales contracts worldwide, Incoterms define the risks and responsibilities of a buyer and seller in an international sales contract.

A new version of Incoterms has been published in September 2019 for implementation in January 2020 and we have arranged for an update course to make the latest information available.  The Incoterms® Rules are an essential business tool for international trade 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.

What does it cover?

• Introduction to Incoterms – what they are? what do they do?
• The purpose of Incoterms
• Incoterms® 2020
• The structure and layout
• The importance of understanding when delivery takes place and how that impacts on the transfer of risk between seller and buyer
• Practical issues around Incoterms® – the pros and cons
• Negotiating Incoterms

Who Should Attend? Anyone who is involved in International Trade such as: accounts, purchasing/buyers, freight forwarders, shipping, goods inward staff to name a few. This full day course looks at the Incoterms® Rules will consider the general features of the rules and will examine each one. The principal differences between old and new rules and changing obligations of the parties will be highlighted. Testimonials “Very good course. The speaker was well informed and helpful.” “Well explained course. All my questions were answered. ” “Very informative. I even purchased a copy of the Incoterms book from the Chamber!” Cancellation Policy 15% of fee payable if delegates cancel more than 7 days in advance. If less than 7 days the full fee is payable. One of the ‘core 10’ courses accredited by British Chambers of Commerce (BCC).  Candidates achieving Pass or Merit in the course will receive a certificate.  Those who pass 6 individual courses will achieve a nationally recognised Foundation Award in International Trade. To book onto this course please send an email with your requirements to [email protected] or call 01603 729707 Photo credit: Chamber Canva Pro